AIS / TIS Reconciliation for Income Tax Filing in India (2026): Errors, Mismatches & Resolution Guide

Introduction

With the introduction of AIS (Annual Information Statement) and TIS (Taxpayer Information Summary), the Income Tax Department has enhanced visibility into taxpayer incomes, investments, and financial transactions.

However, discrepancies between AIS, TIS, bank statements, broker reports, and Form 26AS can:

✔ Delay ITR processing
✔ Trigger tax demands
✔ Lead to notices & scrutiny
✔ Affect refund claims

To avoid such issues, proper AIS/TIS reconciliation is essential before filing ITR.

📍 What is AIS (Annual Information Statement)?

AIS is a consolidated financial report that includes:

✔ TDS/TCS data
✔ High-value transactions
✔ Securities transactions (stocks, MF, F&O)
✔ Interest & dividend income
✔ Foreign remittances
✔ Property transactions
✔ Credit card spends
✔ Bank deposits and withdrawals
✔ GST data (if mapped)

AIS provides transparency of taxpayer financial activity.

📍 What is TIS (Taxpayer Information Summary)?

TIS is a simplified summary extracted from AIS that shows:

✔ Total incomes
✔ Categorized values (final)
✔ Taxpayer-reported vs source-reported values

TIS is used for pre-filled ITR data.

🧾 Key Difference: AIS vs TIS

🧮 Common Mismatches in AIS / TIS

Some frequent issues include:

❌ Duplicate entries
❌ Wrong PAN mapping
❌ Broker reporting errors
❌ Missing dividend income
❌ Interest mismatch (FD, RD, savings)
❌ Crypto and trade reporting mismatch
❌ Property value discrepancies
❌ Foreign remittance errors
❌ Reporting under wrong category
❌ Mismatch with Form 26AS

📊 Impact of Incorrect AIS Data

If you file ITR without reconciling AIS:

🚫 Tax refunds may be withheld
🚫 Demand notices under Section 143(1)
🚫 Mismatch notices from CPC or Assessing Officer
🚫 Audit risk increases
🚫 Penalties & interest may apply

📌 Correcting AIS (Step-by-Step)

Taxpayers can submit feedback on AIS entries as:

✔ Information is correct
✔ Information is not fully correct
✔ Information relates to other PAN
✔ Information does not relate to me
✔ Duplicate information
✔ Custom corrections

Once feedback is processed:

➡ TIS auto-recalculates
➡ Prefill data updates for ITR

🔍 Data Sources Used in AIS

AIS pulls data from multiple systems:

✔ Banks & NBFCs
✔ Mutual Fund RTAs
✔ Stock exchanges & depositories
✔ Property registries
✔ GSTN
✔ EPFO
✔ Foreign remittances (LRS)
✔ Insurance companies
✔ Crypto exchanges (if reported)
✔ Government agencies

📅 When Should AIS/TIS Be Checked?

Check AIS and TIS during:

✔ Advance tax planning
✔ Financial year-end review
✔ Before ITR filing
✔ Before claiming refunds
✔ Before responding to assessments

📝 Reconciliation Checklist

Compare AIS and TIS with:

✔ Form 26AS
✔ Broker and DP statements
✔ Bank statements
✔ Mutual fund CAS statements
✔ Interest certificates
✔ Dividend summaries
✔ Property sale deeds
✔ Crypto reports
✔ Foreign remittance receipts
✔ TDS certificates (Form 16 / 16A)

💡 Who Needs AIS/TIS Reconciliation?

AIS reconciliation is critical for:

✔ Salaried individuals
✔ Stock and mutual fund investors
✔ F&O and crypto traders
✔ NRIs and residents with foreign remittances
✔ Property buyers and sellers
✔ High-net-worth individuals (HNIs)
✔ Freelancers and business owners

🧾 Important Note on Prefilled ITR

Prefill data is taken from:

➡ TIS → Prefilled Data → ITR

So incorrect AIS data leads to incorrect ITR auto-fill.

❗ Common Errors Taxpayers Ignore

🚫 Not reporting dividend income
🚫 Ignoring accrued FD interest
🚫 Not reconciling security sale values
🚫 Crypto trades bypassing AIS
🚫 TDS credit mismatch with Form 26AS
🚫 Not claiming missing TDS
🚫 Incorrect STCG or LTCG reporting

🏢 How The Tax Company Helps

We offer end-to-end AIS and TIS reconciliation services:

✔ Downloading AIS and TIS
✔ Mapping transactions with client data
✔ Identifying over-reporting and under-reporting
✔ Filing AIS feedback corrections
✔ Handling broker and bank mismatches
✔ Capital gains reconciliation (stocks, MF, F&O)
✔ Crypto transaction mapping
✔ NRI remittance checks
✔ 26AS vs AIS vs books reconciliation
✔ ITR filing with compliance accuracy

We ensure zero discrepancies, faster refunds, and lower scrutiny risk.

📞 Conclusion

AIS and TIS have transformed tax compliance in India. Proper reconciliation ensures correct income reporting, prevents notices, and avoids mismatches during processing.

👉 For professional AIS/TIS reconciliation and compliant ITR filing,
connect with The Tax Company today!