AIS on WebNotes

How to download AIS and TIS for PPFAS reconciliation

Sun, 17 May 2026 00:00:00 +0000

The Annual Information Statement (AIS) is the Income Tax department’s PAN-aggregated record of financial transactions reported by source entities (banks, AMCs, stockbrokers, employers) under the Statement of Financial Transactions (SFT) framework. The Taxpayer Information Summary (TIS) is a derived simplified summary. For ITR purposes, both matter: the e-filing portal pre-fills certain Schedule entries from the AIS, the Income Tax department scrutiny rules treat material AIS-versus-ITR mismatches as a trigger, and the TIS is what the assessment officer sees first.

Annual Information Statement

Sat, 16 May 2026 00:00:00 +0000

The Annual Information Statement (AIS) is the consolidated tax-information document published by the Indian Income Tax Department for every taxpayer with a Permanent Account Number (PAN), drawing together data reported to the department by banks, stock brokers, mutual fund Registrars and Transfer Agents (RTAs ), depositories, stock exchanges, registrars of immovable property, foreign-remittance reporters, and other categories of reporting entities. The AIS replaced the predecessor Form 26AS as the principal pre-filed information source for income tax return preparation following its phased rollout from November 2021. The statement is generated for each financial year and is accessible through the e-filing portal of the Income Tax Department; it forms the primary reconciliation source against which a taxpayer’s income tax return and the underlying transaction records are matched, with material variance triggering scrutiny under Section 143(2) of the Income Tax Act, 1961.

AIS / TIS mapping for MF transactions

Tue, 12 May 2026 00:00:00 +0000

AIS and TIS mapping for mutual fund transactions is the process of reconciling mutual fund transaction data visible in the Annual Information Statement (AIS) and Tax Information Summary (TIS) – both accessible on the Income Tax Department’s e-filing portal (incometax.gov.in) – with the investor’s own capital gains statements from fund houses, RTAs, and trading platforms. Fund houses and RTAs are required to file a Statement of Financial Transactions (SFT) under Section 285BA of the Income Tax Act 1961, which feeds into the AIS. Discrepancies between the AIS and the investor’s self-computed figures, if unexplained in the ITR, may trigger automated mismatch notices from the Centralised Processing Centre (CPC). Accurate reconciliation before filing ITR-2 or ITR-3 is essential.

AIS for mutual fund transactions in India

Tue, 12 May 2026 00:00:00 +0000

The Annual Information Statement (AIS) is a comprehensive tax-information document maintained by the Income Tax Department of India on its Compliance Portal, that aggregates financial transaction data reported by third-party entities under Section 285BA of the Income Tax Act, 1961. For mutual fund investors, the AIS is particularly important because it independently records all mutual fund purchase and redemption transactions, dividend payouts, and SIP instalments reported by RTAs (CAMS and KFintech ) through SFT-015 (Statement of Financial Transactions, Type 015). Investors can cross-verify their AIS against their RTA statements and capital gains statements before filing an income-tax return.

How to compute dividend tax on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Dividends received from Indian companies and equity mutual fund distributions have been fully taxable in the hands of the investor since the Finance Act 2020 abolished the Dividend Distribution Tax (DDT) and removed the exemption under section 10(34) and section 10(35). From FY 2020-21, all dividends are taxed at the investor’s applicable income tax slab rate under Income from Other Sources. This guide explains how to identify dividend income from Zerodha Console and Zerodha Coin , compute the tax, and report it correctly in ITR.

How to download Form 26AS-matching reports on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Before filing an income tax return, every investor and trader should reconcile the trading data from Zerodha Console with the Annual Information Statement (AIS) and Form 26AS on the income tax portal. The AIS aggregates income data reported by all third-party filers (stock exchanges, depositories, companies, mutual funds), while Form 26AS records TDS and advance tax payments. Filing without reconciling these sources can trigger a notice under section 143(1) for mismatch. This guide covers the complete reconciliation procedure.