Fix AIS Errors Before Filing Your ITR: A Step-by-Step Guide for Taxpayers
People (Taxpayers) all over India are facing problems with AIS mismatch while filing their taxes. Here’s how you can fix mismatches-
Annual Information Statement (AIS) mismatch occurs when the details in your AIS, such as salary, bank interest, or TDS deducted, do not match the information you enter in your Income Tax Return (ITR). This can lead to delays in processing your ITR or notices from the Income Tax Department.
Why Does Mismatch Happen?
Following are some reasons behind mismatches:
- Tax deducted is missing or showing the wrong amount.
- Interest from bank or FD is reported incorrectly.
- The same income is listed twice.
- Banks, employers, or institutions gave wrong details.
- Transactions are linked to the wrong PAN.
- Dividend income shows the wrong amount.
- Income from abroad is not included.
- Redemption from mutual funds is reported incorrectly.
How to Fix AIS Mismatch
By following the below mentioned steps you can easily fix your AIS mismatch:
Step 1: Check and Download Your Records
Verify entries such as salary slips, bank statements, mutual funds, and Form 16/26AS with AIS.
Step 2: Update Your ITR
Update your ITR to match the AIS data wherever correct.
Step 3: Request AIS Correction
If AIS has wrong details such as TDS or bank interest, then contact the employer, bank, or deductor to correct their report.
Step 4: File Your ITR
Once all mismatches are addressed, file your ITR. Keep evidence, including emails and bank statements, in case the IT department asks.
