The last date for filing Income Tax Return (ITR) is coming closer. If you want to avoid any mistake in Income Tax Return filing, then you should start preparing from now. Before filing the return, you should have all the necessary documents. First of all, it is necessary to download Form 26AS and Annual Information Statement (AIS). The question is why are these two documents necessary for ITR filing?
What information is included in AIS?
Form 26AS can be called a tax credit statement. It includes property purchases, high value financial investments and TDS / TCS transactions. AIS contains many additional information. It includes interest from savings accounts, dividends, rent amounts, securities / immovable property, foreign remittances, etc. Transactions from these two documents reveal what are the transactions of the taxpayer during the entire financial year. If there is a transaction in both the documents which is not his, then this mistake can be corrected.
This is how you can download AIS
Step 1: You have to log in to the official website of Income Tax Department incometax.gov. You have to log in with your ID and password.
Step 2: Click on ‘Annual Information Statement’ in the main menu.
Step 3: Click on the ‘Proceed’ button. After this you will be redirected to the AIS portal. Then you have to click on View ASI. After that AIS will be downloaded.
Look for this information in AIS
You have to look at the data of financial transactions carefully. This will include information about TDS and TCS. You should check every transaction closely. If you have earned income by selling mutual fund units or shares, then it is necessary to mention it in ITR. If you do not do this, you may get a notice from the Income Tax Department. AIS contains information about tax refund, savings account interest, dividend, rent income, income from abroad and income from selling property.
Also read: ITR Filing 2025 : These documents are necessary for filing ITR, if you know them now then there will be no problem later
If there is incorrect information, it can be corrected
If you feel that there is any wrong information in AIS, then it can be corrected. This work can be done through the e-filing portal of Income Tax. For this, after visiting the website, you have to click on ‘Bulk Feedback’. After that, after selecting the reason for the complaint, the complaint has to be submitted.
