ITR Filing: Errors in AIS; How to Correct it for Filing an ITR?
Taxpayers have the option to report in case they come across some errors in the financial transactions in AIS. However the discrepancy reported by the taxpayer, will be verified by the Department and then action will be taken.
CBDT has revised the AIS system, allowing taxpayers to track correction requests in real time. AIS includes a feature of feedback status. By submitting feedback you can make corrections in AIS.
What is an Annual Information Statement (AIS)?
AIS is defined as the annual statement that consists of taxpayer details and other related information in Form 26AS. The taxpayer can give feedback on the above information displayed in AIS. AIS shows the reported value and modified value (including feedback value of taxpayers) under each section such as TDS, SFT and other information.
The objectives of AIS are:
- It shows complete information to the taxpayer with an option of online feedback.
- Encourages voluntary compliance and allows prefilling of returns seamlessly.
- Prohibits non-compliance.
How can the activity history be tracked in AIS?
To check the AIS activity history, click on the Activity History icon shown on the homepage. The list of the activities related to the AIS feature will be displayed. Every performed activity will be labeled with a system-generated ID number which will be referred to as Activity ID, and this tab will display the Activity date and a description of the Activity as well as an Activity detail.
You may be called upon to explain by the tax authorities if there are any differences between the figures reported in AIS and returns filed with the income tax department. However, if an error exists, and you have not given feedback to request for change, there might be the assumption that whatever is in AIS is accurate.
How to give feedback on AIS information?
You can submit your feedback on active information displayed under TDS/TCS Information, SFT Information and Other information by following the steps mentioned below:
Step 1: Login and select ‘Annual Information Statement (AIS)’ under the ‘Services tab’.
Step 2: In this case, Part A and Part B of AIS will be shown on the screen. Check the wrong information and pick ‘Optional’ to give your feedback.
Step 3: To the right of the chart, there are 7 choices in a drop-down menu; choose the correct one to continue.
a) Information is correct.
b) Transfer not in the nature of the sale.
c) Income is not taxable.
d) Information is not fully correct.
e) Information relates to other PAN/Year.
f) Information is duplicate/included in other information.
g) Information is denied.
Step 4: Press the submit button at the end to submit your feedback.
FAQs on AIS Feedback
What will happen once the feedback will be submitted by the user?
- After the successful feedback submission on the AIS information, the changed value will be visible along with the reported value, as soon as the feedback information is displayed. Updation will happen in the Activity History tab and you will be able to download an Acknowledgement Receipt. The users will also receive email and SMS notifications for submission of feedback.
Will I get any confirmation on submitting AIS feedback?
- Yes. After submitting feedback successfully, the activity history tab will update, and you can download an acknowledgement receipt of the feedback. You will also receive email and SMS confirmations.
What is the AIS Consolidated Feedback file?
- AIS Consolidated Feedback file (ACF) provides taxpayers with a facility to view all AIS feedback (except ‘Information is correct’) in one PDF. You can download the ACF after submitting AIS feedback.
Is there a limit on modifying feedback?
- Currently, there is no limit on modifying previously given feedback.
