Fix AIS Mismatch as per Income Tax Department guidelines
AIS mismatch in ITR filing? Here’s how to fix
it as per income tax dept guidelines.
Facing errors in your
Annual Information Statement (AIS) while filing ITR for AY 2025–26? You’re not
alone. The income tax department has shared a step-by-step guide to help
taxpayers submit feedback on incorrect transactions and avoid future tax
notices due to mismatches.
If you’re among them,
don’t panic. The Income Tax Department has issued clear guidelines on what to
do next. But before that you must understand what AIS is all about.
AIS, an extension of
Form 26AS, is a consolidated report that captures your entire financial
footprint — from bank interest and dividends to stock trades, mutual fund transactions, and property deals. This data
plays a crucial role in your income tax return (ITR) filing, and any mismatch
could potentially trigger tax notices.
To avoid such
complications, the tax department urges taxpayers to carefully review their AIS before filing
their ITR for AY 2025–26. And if you spot an error or a mismatch, the
department now offers a way to correct it.
How to fix a mismatch in AIS:
-Submit feedback for
each transaction you believe is incorrect or missing.
-Locate the transaction in AIS, click on “Optional” or “Add Feedback”, and
provide your response.
-The department will then verify the feedback and confirm it with the source
(such as a bank, mutual fund company, etc.).
-The AIS will reflect the status of the feedback as Accepted or Rejected, depending
on the outcome of verification.
This initiative is
part of the department’s push to improve taxpayer services and promote
voluntary compliance.
Why it’s important to
correct AIS errors:
If you skip verifying
your AIS and file your ITR based on incomplete or incorrect information, you
risk getting income tax notices later. A mismatch between reported and actual
income is one of the most common reasons for scrutiny.
So, before hitting
the “Submit” button on your return, make sure your AIS:
-Reflects all your
income sources correctly.