How to reconcile AIS with the PPFAS capital-gains statement for ITR

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

The two documents should agree on every PPFAS transaction in the FY. The PPFAS-issued Capital Gains Statement is the AMC’s authoritative record; the AIS is what the Income Tax department sees from AMC SFT submissions. In practice they often disagree, for predictable reasons: AMC SFT reporting lags the FY-end, AIS aggregates may exclude certain switches or IDCW reinvestments, the AIS may classify a transaction under a different head than the AMC, or a stale entry from a prior FY may have rolled forward.

Tax Preparation on WebNotes

How to reconcile AIS with the PPFAS capital-gains statement for ITR