By Sheetal Kumari | March 3, 2025
Moneycontrol PF Team| July 18, 2025
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Fix discrepancies in AIS before filing your return to avoid penalties and notices.
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Annual Information Statement shows all your income and financial transactions from official sources.
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Mismatches in AIS can lead to tax notices, audits, and penalties under Section 270A.
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Includes interest, dividends, mutual fund & stock trades, GST turnover, and more.
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AIS is more detailed than Form 26AS—it captures data from multiple financial systems.
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Always cross-check AIS entries with your actual income and investment documents.
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Click “Optional” or “Add Feedback” on the AIS portal against incorrect transactions.
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Click “Optional” or “Add Feedback” on the AIS portal against incorrect transactions.
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Monitor status regularly—this ensures your AIS is updated before filing your ITR.
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Discrepancy like ₹25L reported income vs ₹40L AIS can invite scrutiny and penalties.
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Fixing AIS early avoids interest under Sections 234B/234C and keeps your tax record clean.
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Always review and correct AIS before ITR filing for a smooth, hassle-free process.
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