New Delhi, May 31 -- The Annual Information Statement (AIS) is an important document for taxpayers filing their income tax returns (ITRs), as it provides a comprehensive view of financial transactions reported to the income tax department.

However, taxpayers may occasionally find discrepancies in their AIS, such as incorrect interest income, duplicate entries, unreported transactions or mismatches with their own records. Filing an ITR without addressing such errors can lead to incorrect tax calculation and may even attract scrutiny later. Hence, before filing you return for financial year 2025-26, you must review your AIS carefully and report any errors through the feedback option.

Annual Information Statement (AIS) is a statement that ...