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01/01/2023

24/10/2022

11/11/2021

All about Annual Information Statement (26AS)

The Income Tax Department has announced a new statement – AIS (Annual Information Statement). This was earlier known as Form No. 26AS. Originally, Form No. 26AS contained the details of TDS , TCS & Advance Tax. However , the scope has been widened subsequently so as to disclose information more than that of Tax and so nomenclature has been changed to “Annual Information Statement (AIS). “

This article is designed to give you all details about your financial transactions during the year as reflected in AIS

Let us make an attempt to step wise learn about AIS:

What is AIS (Annual Information Statement?

As we all know, earlier Income Tax used to give statement 26AS.

AIS is a much detailed one – with many more details included – like Savings account Interest, all Mutual Fund transactions during the year etc. Now, AIS will capture all financial transactions of the previous year in respect of the following transactions:

a) Shares
b) Insurance
c) Credit Cards
d) Purchase of property
e) Mutual Funds
f) Salary or Business income
g) Dividends
h) Interest on SB A/c and Deposits.
The above list is just indicative. It is your overall financial profile and will getting fine-tuned to include more categories.
Has 26AS be stopped nos?

a) Now one can get both 26AS and also AIS.

b) Both put together, the Income Tax department knows all your financial transactions.

c) And it’s good as now you will find it very easy to know and submit details for your Income Tax returns.

The question arises as to How to access AIS?

Here is a simple stepwise guide for accessing the AIS as under:

a) Log in to your Income Tax account at http://incometax.gov.in

b) Go to Services Tab

c) Last option in this tab is the AIS option.

It will open a new tab with below two options:

a) Left side – Tax Information Summary (TIS)

b) Right side – AIS

Both are the same. TIS is a summary and AIS is the detailed statement. You can download both. When you download you get a pdf statement (There is a jpeg option also, but let’s stick to PDF now).

PDF will be password protected.

Password is ur PAN Number (in CAPITAL) + Date of Birth (DDMMYYYY)

For example your PAN is AANPJ1234K and date of birth is 12122001 then password would be

AANPJ1234K12122001

25/10/2021

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19/03/2021

Trademark-Registration-Renewal

19/03/2021

MSME Registration

28/02/2021

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION
New Delhi, the 26th February 2021

S.O. 964(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act,

2020 (3 of 2020), the Central Government hereby makes the following amendments in the notification of the
Government of India, Ministry of Finance, (Department of Revenue), number 85/2020, dated the 27th October 2020,
published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 3847(E), dated
27th October 2020, namely:––

In the said notification,––

(i) in clause (a), for the figures, letters, and words “28th day of February 2021” the figures, letters, and words “31st day of March 2021” shall be substituted;

(ii) in clause (b), for the figures, letters and words “31st day of March 2021” the figures, letters and words "30th day of April 2021” shall be substituted; and

(iii) in clause (c), for the figures, letters and words “1st day of April 2021” the figures, letters, and words “1st day of May 2021” shall be substituted.

[Notification No. 09/2021/ F.No. IT(A)/01/2020-TPL]
SHEFALI SINGH, Under Secy., Tax Policy & Legislation Division

10/02/2021