Overview of Annual Information System (AIS)

Last Updated On: Dec. 7, 2021, 11:51 p.m.
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OVERVIEW OF ANNUAL INFORMATION SYSTEM (AIS)

 

Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer can provide feedback on information displayed in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information).

The main objectives of AIS are:

  • Deter non-compliance
  • Display complete information to the taxpayer with a facility to capture online feedback
  • Promote voluntary compliance and enable seamless prefilling of return

 

 

What are the Features of AIS?

  • Use of Data Analytics to populate PAN in non-PAN data for inclusion in AIS.
  • Inclusion of new information (interest, dividend, securities transactions, mutual fund transactions, foreign remittance information etc.)
  • Can find duplication of information and generation of a simplified Taxpayer Information Summary (TIS) for ease of filing return (pre-filling will be enabled in a phased manner).
  • Taxpayer will be able to submit online feedback on the information displayed in AIS and also download information in PDF, JSON, CSV file formats.
  • Utility of AIS will enable taxpayer to view AIS and upload feedback in offline manner.
  • AIS Mobile Application will enable taxpayer to view AIS and upload feedback on mobile.

 

Let us get to know about the key components of AIS:

Instructions Tab: Instructions for functionalities related to Annual Information Statement (AIS) are displayed in this tab.

AIS Tab: Facility to view Taxpayer Information Summary (TIS) and Annual Information Statement (AIS) is provided under this tab.

Activity History Tab: User can check list of activities performed through this tab. (Refer Activity History)

Select Financial Year: User can choose the FY for which the AIS/ TIS is to be viewed.

Taxpayer PAN: User can view their PAN for which the AIS/ TIS is to be viewed.

Taxpayer Information Summary (TIS): TIS is an information category wise aggregated information summary for a taxpayer. It shows processed value (i.e., value generated after processing of information through various pre-defined rules) and derived value (i.e., value derived after considering the taxpayer feedback and processed value) under each information category (e.g., Salaries, Interest, Dividend etc.). The derived information in TIS will be used for prefilling of Return. (Refer Taxpayer Information Summary (TIS))

Download TIS: User can download TIS in provided formats (PDF, JSON) using the download icon. (Refer Download TIS)

Annual Information Statement (AIS): Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer can provide feedback on information displayed in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information). (Refer Annual Information Statement (AIS))

Download AIS: User can download AIS in provided formats (PDF, JSON) using download icon. User can also download consolidated feedback. (Refer Download AIS)

Upload: User can upload AIS feedback file exported from AIS Utility using upload icon. (Refer AIS Utility User Guide in the Resources section of Compliance Portal (AIS Homepage))

Session Time: This will display the time remaining for the current session. User can choose to keep the session active by choosing the relevant option in the prompt.

 

Accessing AIS through e-filing portal

Taxpayers can access their AIS by navigating through the e-filing portal and log in through relevant user ID (PAN/ Aadhaar):

Step 1: Visit the e-filing portal by using the URL https://www.incometax.gov.in/.

Step 2: On top-right of the homepage, click on “Login” button.

Step 3: Enter user ID and click on “Continue”

Step 4: Fill in the password and click on “Continue” to navigate to e-filing portal homepage

Note: If the user is not already registered, then registration must be completed first by clicking on the “Register” button available on e-filing portal and then providing relevant details. After successful registration, login step can be performed on the e-filing portal.

Step 5: Click the “Annual Information Statement (AIS)” available under “Services” tab to navigate to AIS Homepage.

Step 6: On AIS Homepage, access the functions available on AIS homepage.

 

 

AIS functionality also provides facility to display context-based help on the AIS Homepage in case user wants details/ description to understand the various information/ terms displayed. The same can be enabled by following below mentioned steps:

Step 1: Click on bulb icon present at the top right of the portal screens to enable context specific help.

Step 2: Hover the mouse pointer across information/ term where you are facing difficulty to view the bulb icon.

Step 3: Click on the bulb icon besides the information to view tooltip style information description and related links.

Step 4: Click on keywords within related links to view additional information description and related links for the new keyword clicked.

Step 5: Click anywhere outside of the tooltip style window to close the information description.

 

 

How to view Annual Information Statement?

After accessing the AIS homepage, user can view the AIS through following steps:

Step 1: Select relevant Financial Year and PAN for which the AIS is to be viewed.

Step 2: Click on Annual Information Statement (AIS) tile to view your AIS details.

Step 3: User is navigated to AIS page showing two parts: Part-A (General Information) and Part-B (Descriptive Reported Information with feedback facility), as shown in Parts in AIS.

Taxpayer details and Information is displayed in AIS in the following two parts, PART A and PART B as covered below, after clicking the AIS tile from the AIS homepage.

Part A: It displays general information pertaining to the taxpayer including PAN, Masked Aadhaar Number, Name of the Assessee, Date of Birth/ Incorporation/ Formation, mobile number, e-mail address and address of Taxpayer.

Part B: It displays the following information with respect to your AIS as shown below:

TDS/TCS Information: Information related to tax deducted/collected at source will be displayed here. The Information code of the TDS/TCS, Information description and Information value are visible to the user.

SFT Information: Information received from reporting entities under Specified Financial Transaction (SFT) are displayed here. The SFT code, Information description and Information value are visible.

Payment of Taxes: Information relating to payment of taxes from different heads are displayed here. For example, Advance Tax, Self-Assessment Tax paid through challan to Bank.

Demand and Refund: Details of the demand raised (AY, demand under section, amount and demand status) and refund initiated (AY and amount) to them during a Financial year can be viewed from here. (Details related to Demand will be released soon)

Other Information: Any other information in relation to sub-rule (2) of rule 114-I is displayed here.

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