Error Found in AIS while Filing ITR? Know What to Do for AIS Feedback Submission

The Annual Information Statement (AIS) is a detailed record of financial transactions presented in Form 26AS, crucial for taxpayers in understanding their reported income. It aims to enhance transparency by revealing income details gathered from various sources by the Income Tax Department. The primary objectives of AIS include promoting transparency, facilitating easier tax filing through pre-filled returns, and ensuring accurate income reporting to aid compliance. \r

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During Income Tax Return (ITR) filing, AIS acts as a foundational document, ensuring all income sources are correctly documented. If disparities arise between AIS data and the taxpayer's ITR, the tax department may seek clarifications. Taxpayers can rectify errors by submitting feedback through the Income Tax e-filing portal, where each action is logged in the AIS "Activity History." The AIS Consolidated Feedback File (ACF) simplifies viewing and downloading feedback details. After submission, modifications can be made without limits, ensuring accuracy and completeness in income reporting.