Flag AIS errors on e-filing portal but don't miss deadline for filing ITR

ONCE UPDATED DETAILS ARE REFLECTED IN AIS, FILE REVISED RETURN

- SAIKAT NEOGI

AMISMATCH BETWEEN the annual information statement (AIS) and income tax return (ITR) can trigger automated alerts, as the income tax department has enhanced its data analytics and risk assessment systems.Taxpayers must verify all information and correct any discrepancy in AIS before filing their ITR.

The AIS reflects financial data available with the tax department, based on information received from third-party sources like banks, employers, mutual funds, and property registrars. While the AIS is a helpful tool for pre-filing verification, it may have errors due to incomplete reporting by third parties.

The AIS data for the full financial year is typically updated only by May, after all transactions for March, reported in April are processed. It is prudent to verify the AIS data with bank statements, TDS certificate, interest certificate and ensure that the AIS is updated for transactions up to March 31, 2026.

Discrepancies in AIS