Find out what new information flows into Form 26AS, AIS, and TIS for FY 2026-27 and how to reconcile high-value transactions before filing your ITR.
Form 26AS has evolved from a simple tax-credit statement into a comprehensive financial passport for every PAN holder. In FY 2026-27, the CBDT-driven expansion of Form 26AS, when read alongside the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS), gives the income-tax department a granular view of your high-value transactions. Understanding what now flows into these statements helps taxpayers avoid mismatch-driven scrutiny.
What Form 26AS captures today
- Tax deducted at source (TDS) under various sections
- Tax collected at source (TCS) on notified transactions
- Advance tax and self-assessment tax payments
- Refunds issued during the year
- Specified Financial Transactions (SFT) reported by banks, mutual funds, registrars and others
- Information on demands and pending proceedings
AIS and TIS as the larger ecosystem
Form 26AS is now complemented by the AIS, which pulls together a much wider data set, and the TIS, which summarises information category-wise. Together, they consolidate data from banks, mutual funds, sub-registrars, depositories, RBI, GSTN, foreign-remittance reports under Form 15CA/15CB, dividend and interest payouts, securities transactions, and crypto exchanges.
New categories of information reported
- High-value cash deposits and withdrawals above notified thresholds
- Credit card spends over the prescribed limit
- Purchase or sale of immovable property above ₹30 lakh
- Mutual fund and securities transactions
- Dividend income from companies
- Interest income from banks, post offices and corporate bonds
- Foreign remittances under the Liberalised Remittance Scheme
- GST turnover for businesses
- Income from virtual digital assets reported by exchanges under Section 194S
Why this matters for taxpayers
Pre-fill in ITR forms now draws heavily from AIS, TIS, and Form 26AS. Any mismatch between the taxpayer's return and these statements is flagged for inquiry by the Centralized Processing Centre. With the income-tax department's risk-based selection of cases, an unexplained mismatch is more likely than ever to attract a Section 143(1)(a) intimation or a Section 142(1) inquiry.
How to reconcile and respond
- Download Form 26AS, AIS and TIS for the relevant year before drafting the return
- Reconcile each line item with books, bank statements and broker reports
- Use the AIS feedback facility to flag incorrect entries
- Retain documentary support for every income head and high-value transaction
- If genuine income is missing in your books, consider Section 139(8A) updated return with Section 140B additional tax
- Reply to any notice via the e-Proceedings facility within the prescribed window
Practical AIS feedback workflow
- Open AIS under the Annual Information Statement tile on the e-filing portal
- Filter by financial year and information category
- Click each transaction to view source and value
- Submit feedback with the appropriate response code
- Save acknowledgement of feedback for future reference
- Re-check the modified AIS before filing the ITR
Why timing of AIS review matters
AIS data continues to update through the year as reporting entities file their statements. Reviewing AIS in May or June after the FY closes may miss late reports filed in subsequent months. A second review just before filing the ITR — typically July — captures the most accurate picture. After filing, late AIS updates can be reconciled through a revised return under Section 139(5) or, in serious cases, an updated return under Section 139(8A) with Section 140B additional tax.
Form 26AS Part-wise structure
- Part A: Details of tax deducted at source
- Part B: Details of tax collected at source
- Part C: Details of tax paid (other than TDS or TCS)
- Part D: Details of paid refund
- Part E: Details of Annual Information Return (AIR) transactions, now subsumed under SFT
- Part F: Details of tax deducted on sale of immovable property under Section 194-IA
- Part G: TDS defaults (processing of statements)
AIS errors and how to resolve
Common AIS errors include duplicate entries for the same transaction, incorrect classification (e.g., short-term capital gain shown as long-term), wrong PAN matching, and reporting in a different financial year. Use the AIS feedback facility to flag each error with appropriate response code. The reporting entity is informed and updates flow into the modified value column. Resolution can take several weeks, so start the process well before the ITR filing deadline.
Linking with bank and broker reports
- Match each Form 26AS TDS entry with Form 16 (employer) and Form 16A (other deductors)
- Reconcile broker P&L with AIS securities transactions
- Match bank interest with bank certificate and AIS interest entries
- Match dividend with CDSL/NSDL statements and company communications
- Match property purchase TDS with Form 26QB filed by buyer
Conclusion
Form 26AS, AIS, and TIS together leave very little space for under-reporting. Make reconciliation a standing pre-filing ritual, dispute incorrect entries quickly through the AIS feedback mechanism, and treat your return as a tax-only mirror of these statements. Doing so dramatically reduces notice risk and accelerates refund processing.
