Annual Information Statement (AIS) and TIS: How to Reconcile Before Filing

The income-tax department now receives a large volume of information about each taxpayer: salary and TDS from employers, interest from banks, dividends from companies, mutual fund and share transactions from registrars and brokers, property purchases from registrars, and much more. All of this appears in the Annual Information Statement. Careful AIS reconciliation before filing is the single most effective way to avoid mismatch intimations and scrutiny questions later.

This guide explains what the AIS and the Taxpayer Information Summary (TIS) contain, how they relate to the tax credit statement, how to reconcile them with your own records, and how to use the feedback facility when something is wrong. A sample reconciliation shows how differences are typically explained.

Key takeaways

• The AIS lists information reported by third parties; the TIS summarises it by category and feeds the pre-filled return.
• TDS and TCS credits are claimed based on the tax credit statement (Form 26AS, which is Form 168 under the new law for later years), and AIS mirrors this data.
• Five feedback options let you confirm, correct, deny or flag information as duplicate or belonging to another PAN or year.
• Differences are normal; what matters is that you can explain each one and your return reflects the correct figure.
• Reconciling a few weeks before the due date leaves time for deductors or reporting entities to correct errors.

What AIS and TIS contain

The AIS is organised into broad parts:

• TDS and TCS information: salary, interest, rent, professional fees, sale of property, and other payments on which tax was deducted or collected.
• Statement of financial transactions (SFT): savings and deposit interest, dividends, purchase and sale of shares and mutual funds, cash deposits, credit card payments, and property transactions above reporting thresholds.
• Payment of taxes: advance tax and self-assessment tax paid.
• Demand and refund: outstanding demands and refunds issued.
• Other information: data such as GST turnover, interest on income-tax refunds and information from other government sources.

The TIS aggregates these entries by category (for example, total interest from savings accounts) and shows a processed value and a derived value after any feedback. The pre-filled return uses these figures, which is why reconciling them matters.

You can download both from the income-tax e-filing portal under the AIS section, in PDF, JSON or CSV format.

A step-by-step AIS reconciliation

1. Download everything: AIS, TIS and the tax credit statement for the financial year.
2. Gather your records: salary slips and the salary certificate, bank statements and interest certificates, broker capital gains reports, mutual fund statements, rent receipts, property documents and tax payment challans.
3. Match TDS line by line: compare each deductor, amount paid and tax deducted with your records. Differences here directly affect your credit.
4. Review SFT entries: check interest, dividends and securities transactions against statements; look for duplicates, joint accounts and transactions of family members reported under your PAN.
5. Check the year: interest reported on accrual versus receipt, or year-end transactions reported in the wrong year, are common causes of mismatch.
6. Record your reconciliation in a simple working sheet: AIS value, your value, difference and explanation.
7. Submit feedback for genuine errors, then file the return with the correct figures.

A sample reconciliation

Item	AIS/TIS value (₹)	Your records (₹)	Difference and explanation
Savings bank interest	42,300	42,300	Matches
Fixed deposit interest	1,86,000	1,24,000	Joint deposit with spouse reported fully under your PAN; your share is 2/3
Dividend	18,500	9,250	Same dividend reported twice (duplicate)
Sale of mutual fund units	6,40,000	6,40,000	Sale value matches; compute gain using cost from statement
TDS on rent (from tenant)	24,000	36,000	Tenant deducted but has not filed one quarter’s TDS statement; follow up for credit

In this example, the return would show the correct fixed deposit interest and dividends, with feedback submitted for the joint deposit and duplicate dividend. For the missing rent TDS, the taxpayer asks the tenant to file or correct the TDS statement, because credit is generally allowed only when it appears in the tax credit statement.

For capital gains, remember that AIS shows sale value, not profit. You still need the purchase cost and dates to compute gains correctly; our guide to capital gains tax rates explains the rates and holding periods.

Using the feedback options

For each AIS entry, you can choose one of the following:

• Information is correct
• Information is not fully correct – enter the correct amount
• Information relates to other PAN or year
• Information is duplicate – identify the matching entry
• Information is denied – for transactions that do not relate to you at all

After feedback, the modified value appears alongside the reported value, and the derived value in TIS is updated. In some cases, the information is sent to the reporting entity for confirmation. If the source confirms its original figure, you may need to follow up with it directly.

Feedback does not replace filing the correct return. Its value is in creating a record of your explanation, which helps if the department later questions a difference.

What happens if you do not reconcile

If the return shows lower income than the AIS without explanation, the processing system may make adjustments or issue an intimation. Our article on section 143(1) intimations explains how to respond when that happens. Larger unexplained differences can also lead to compliance e-campaigns or scrutiny selection. Reconciling upfront is far easier than explaining later.

Practical tips

• Start early: download AIS in June or July; many deductors file corrections around the first quarter due dates.
• Watch joint holdings: banks often report joint account interest under the first holder’s PAN.
• Check high-value entries: property purchases, large cash deposits and credit card payments are frequently reviewed.
• Keep evidence: save the working sheet and supporting statements with the return acknowledgement.
• Revisit after filing: AIS is updated during the year; if new information appears, consider whether a revised or updated return is needed.

Frequently asked questions

Is AIS reconciliation mandatory before filing?

It is not a separate legal requirement, but it is strongly advisable, because returns are processed against this data and mismatches can lead to adjustments or notices.

What is the difference between AIS and TIS?

AIS lists individual transactions reported by third parties, while TIS summarises them by category and shows the values used in the pre-filled return.

Will my TDS credit be allowed if it appears in AIS but not in Form 26AS?

Credit is generally given based on the tax credit statement. Both draw from the same TDS data, so check whether the deductor’s statement has been filed and processed correctly.

Can I change AIS feedback later?

Yes, feedback can generally be modified, and the latest submission is considered.

This article is general information based on the law as of September 2026, and is not legal or tax advice. Please check the facts of your own case with a professional before acting.