ITR Filing 2025: Why Form 26AS, AIS & TIS Are Essential for Accurate Tax Returns

As the Income Tax Return (ITR) filing season is underway, taxpayers must ensure accuracy while submitting their returns. Different ITR forms apply to different categories of taxpayers, and any mistake in filing can result in an Income Tax Department notice. To avoid such errors and ensure smooth filing, it’s crucial to understand the role of Form 26AS, AIS (Annual Information Statement), and TIS (Taxpayer Information Summary).

These three documents provide a consolidated overview of your financial activities and help in cross-verifying income and tax details before submission.

What is Form 26AS?

Form 26AS is your tax passbook, summarizing all tax-related transactions for the financial year. It shows:

• TDS (Tax Deducted at Source) on salary, bank interest, or property purchase

• TCS (Tax Collected at Source) on applicable transactions

From Assessment Year 2023-24 onwards, Form 26AS shows only TDS and TCS details, accessible via the TRACES portal. Other financial data now appears in the AIS.

What is AIS?

The Annual Information Statement (AIS) is a detailed record of all your financial activities. It includes:

• Interest income from savings or fixed deposits

• Dividend income

• Stock market transactions

• Mutual fund investments and redemptions

• Property purchases or sales

• Foreign remittances

• GST turnover (for applicable taxpayers)

AIS provides a comprehensive picture of your financial profile and helps verify if all income sources are correctly reported in your ITR.

What is TIS?

The Taxpayer Information Summary (TIS) is a condensed version of the AIS, summarizing income under categories like:

• Salary

• Interest

• Dividend

• Capital gains

• Business income, etc.

TIS is particularly useful when filing pre-filled ITRs, as it provides auto-filled values that reduce manual entry errors and make filing quicker and easier.

Why These Are Crucial for Filing ITR Correctly

• Help cross-verify reported income with government records

• Reduce the chances of errors or omissions

• Avoid mismatches that may trigger IT notices

• Enable smooth, pre-filled return filing with TIS data

• Ensure full compliance with tax laws

Final Advice

To avoid mistakes and tax notices, every taxpayer should review Form 26AS, AIS, and TIS thoroughly before filing their return. Understanding these tools ensures not only accurate and faster filing but also helps you stay on the right side of tax laws.

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Kuldeep Singh Chundawat

My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.

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