The last date for filing income tax returns (ITR) is approaching. If you want that there is no mistake in the income tax return filing, then you should start preparing 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 both these documents are necessary for ITR filing?
What information are included in AIS?
Form 26AS Can be called Tax Credit Statement. In this, the purchase of property, more value financial investment and Tds,Tcs Transactions include. Ais There are many additional information. This includes interest, dividend, rent amount, securities/real estate, foreign remedies, etc. from savings accounts. Transactions from both these documents show what are the transparency transactions of taxpayers throughout the financial year. If there is a transaction in both documents that do not belong to it, then this mistake can be corrected.
This is how AIS can download
Step 1: You will have to log in on Income Tax Department’s official website 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 ‘Prosid’ button. After this you will be redirected on the AIS portal. Then you have to click on the view ASI. After that AIS will be downloaded.
Consider these information in AIS
You have to carefully look at the data of financial transactions. This will include TDS and TCS information. You should closely examine every transactions. If you have income by selling mutual funds units or shares, then it is necessary to tell about it in ITR. If you do not do so, you can get the notice of 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 to file ITR, if you know now, there will be no problem later
If you have wrong information, you can fix
If you feel that there is any wrong information in AIS, it can be corrected. This work can be done through an income tax e-filing portal. For this, after going to the website, you have to click on ‘Bulk Feedback’. After that, after selecting the cause of the complaint, the complaint will have to be submitted.