Annual Information Statement (AIS) Taxpayer Information Summary (TIS)

Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. 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 information shown on AIS is divided in two parts

PART A- General Information  
Part-A displays general information pertaining to you, including PAN, Masked Aadhar Number, Name of the Taxpayer, Date of Birth/ Incorporation/ Formation, mobile number, e-mail address and address of Taxpayer.

PART- B- TDS/TCS Information
Information related to tax deducted/collected at source is displayed here. The Information code of the TDS/TCS, Information description and Information value is shown.

• SFT Information - Under this head, information received from reporting entities under Statement of Financial transaction (SFT) is displayed. The SFT code, Information description and Information value is made available.
  
  
• Payment of Taxes - Information relating to payment of taxes under different heads, such as Advance Tax and Self-Assessment Tax, is shown.
   
• Demand and Refund -You will be able to view the details of the demand raised and refund initiated (AY and amount) during a financial year. (Details related to Demand will be released soon)
  
  
• Other Information - Details of the information received from the other sources, such as data pertaining to Annexure II salary, Interest on refund, Outward Foreign Remittance/Purchase of Foreign Currency etc., is displayed here.

The objectives of AIS are

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

How can I view the Annual Information Statement?

• Step 1: Login to URL https://www.incometax.gov.in/
• Step 2: Click on “Annual Information Statement (AIS)” under “Services” tab from the e-filing portal after successful login on e-filing portal.
• Step 3: Click on AIS tab, on the homepage.
• Step 4: Select the relevant FY and click on AIS tile to view the Annual Information Statement.

How do I submit feedback on the information?

You can submit feedback on active information displayed under TDS/TCS Information, SFT Information or Other information by following below mentioned steps: 

• Step 1: Click on “Optional” button mentioned in the Feedback column for relevant information. You will be directed to ‘Add Feedback’ screen.
• Step 2: Choose the relevant feedback option and enter the feedback details (dependent on feedback option).
• Step 3: Click “Submit” to submit the feedback

Upon successful submission of feedback on AIS information, the feedback will be displayed with the information and the modified value of the information will also be visible with the reported value. The activity history tab will also be updated, and Acknowledgement Receipt can be also downloaded. This feedback can be filed any no of times.  Email and SMS confirmations for submission of feedback will also be sent.

NOTE - Taxpayers should remember that Annual Information Statement (AIS) includes information presently available with the Income Tax Department. There may be other transactions relating to the taxpayer which are not presently displayed in Annual Information Statement (AIS). Taxpayers should check all related information and report complete and accurate information in the Income Tax Return

Taxpayer Information Summary (TIS)

A simplified Taxpayer Information Summary (TIS) has also been generated for each taxpayer which shows aggregated value for the taxpayer for ease of filing return.  TIS shows the processed value (i.e. the value generated after deduplication of information based on pre-defined rules) and derived value (i.e. the value derived after considering the taxpayer feedback and processed value).

If the taxpayer submits feedback on AIS, the derived information in TIS will be automatically updated in real time. The derived information in TIS will be used for pre-filling of Return (pre-filling will be enabled in a phased manner).

You will be shown various details within the Taxpayer Information Summary such as,

• Information Category
• Processed Value
• Derived Value

Further, within an Information Category following information is shown

• Part through which information received
• Information Description
• Information Source
• Amount Description
• Amount (Reported, Processed, Derived)

For more details, Please watch our video