Income tax filing: How to verify your details on the income tax portal?

With the income tax return filing season coming to an end soon on July 31, 2022, it makes sense to not postpone filing our returns till the last moment. The rush at the last hour has often caused inconvenience to taxpayers as they complain of glitches in the server response. Many people have been filing their returns for years while others may be new to this portal. Regular updates in software and technology upgradation have made tax filing nothing short of a cakewalk.

However, small errors can go unnoticed causing you much discomfort. For example, taxpayers may be apprehensive regarding the interest on their deposits or the tax deducted at source (TDS) on their earnings. Though the tax credit statement, Form 26AS, says a lot about earnings from various sources, the Income Tax Department introduced the Annual Information Statement (AIS), an extensive document containing information on the details displayed in Form 26AS.

The best part of introducing this concept is that taxpayers can share their feedback on the information contained in the AIS, thus, leaving more scope for improvement while doing away with unnecessary and erroneous configurations.

The source of information contained in the AIS is contained in the Taxpayer Information Summary (TIS) which one can download to learn more about information sources and information categories.

How does studying TIS help?
Taxpayers may not be satisfied with the information in the AIS alone raising concerns regarding the source and validity of the details contained. The TIS can be considered as an extensive summary put in place after considering the value arrived post removal of duplication of the information and the value derived post consideration of the taxpayer feedback and processed value.

Why verify details from AIS when you have Form 26AS?
Taxpayers who prefer details must download AIS to verify details to help them determine their tax liability. This is because Form 26AS talks about high-value investment transactions and details of TDS/TCS carried out during the financial year.

Now compare the same with AIS which shares information on savings account interest, dividend, rent income, and details of securities transactions including purchase and sale of properties or redemption of stocks and mutual funds, remittances from outside, interest on deposits, GST turnover, etc. Also, as opposed to Form 26AS where the details are only for viewing purposes, taxpayers can share their feedback on the AIS regarding transactions listed in the form and also seek clarification regarding the same.

How to download your AIS from the income tax portal?

What if we told you that viewing and downloading AIS is possible with just the click of a button? All you have to do is log in to the income tax portal www.incometax.gov.in.

Once you have logged in to the page using your ID (aka PAN Card) and password, you must go to the “Services” tab, and select “Annual Information Statement”. You will see a popup on the screen wherein you have to click on “Proceed”. This will redirect you to another site wherein you may choose and select between AIS and TIS or both. The web page will show you the financial year for which the AIS is being downloaded, your PAN details and your name. Depending on your convenience, you may download the AIS in either PDF format or JSON utility.

The PDF file is password protected. You must open it with a combination of your PAN number and date of birth as mentioned on the web page.

What to check in AIS and TIS?

The idea behind downloading both AIS and TIS is to check for any erroneous information on the site. Taxpayers finding mismatch in the information must inform about the same to the department. If taxpayers do not raise any queries or concerns concerning mismatch regarding information in the AIS, it may be assumed that the information collated and shown in both the forms is correct.

However, in case of incorrect information regarding identity or income or expenses, the taxpayers may share their feedback online through the facility given.

Viral Bhatt, Founder, Money Mantra – a personal finance solutions firm says “If the taxpayer feels that the information is incorrect, relates to another person/year, duplicate etc., a facility has been provided to submit online feedback. Feedback can also be furnished by submitting information in bulk,” stated a press release issued by the Central Board of Direct Taxes (CBDT) issued on November 1, 2021.”

1 thought on “Income tax filing: How to verify your details on the income tax portal?”

  1. The income tax site continues to hang. , erroneously not allowing the Filers to file correctly the income tax return.
    The Government has to extend the period by a month and it should iron out the difficulties faced in filling income tax returns.
    The Government is keen to squeeze the tax payer of his hatd earned money, long delay in processing refunds,

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