AIS Reconciliation Tool — Match AIS, Form 26AS & Bank Records Before You File ITR
Match your Annual Information Statement (AIS), Form 26AS, and your own bank or broker records across eight income heads — salary, bank interest, dividend, capital gains, rent, professional receipts, and more. The tool flags every mismatch above your tolerance threshold and generates an action checklist before you file your ITR for AY 2026-27. Runs entirely in your browser. Built and reviewed by Chartered Accountants at Patron Accounting LLP.
AIS ↔ Form 26AS ↔ Your Records Worksheet
Enter the values for each income head from the three sources. Leave a cell blank if not applicable. The tool flags rows where the gap exceeds your tolerance threshold.
CSV format reference
Headers (first row): category,ais,form26as,records
Categories (one row each): salary, savings, fd_rd, dividend, capgains, rent, professional, other. Use empty cells for "N/A" (savings and capgains have no Form 26AS column). Amounts in rupees, no commas, no ₹ symbol.
category,ais,form26as,records salary,1500000,1500000,1500000 savings,25000,,25000 fd_rd,80000,80000,80000 dividend,15000,0,15000 capgains,200000,,200000 rent,360000,360000,360000 professional,800000,800000,800000 other,5000,0,5000
| Income Head | AIS Reported (₹) | Form 26AS (₹) — TDS only | Your Records (₹) | Status |
|---|---|---|---|---|
| Salary IncomeGross salary; TDS u/s 192 in Form 26AS | — | |||
| Interest — Savings BankInterest credited; usually no TDS (covered by 80TTA/80TTB) | — | |||
| Interest — Fixed & Recurring DepositsFD/RD interest; TDS u/s 194A above ₹40k (₹50k for senior citizens) | — | |||
| Dividend IncomeFrom shares and mutual funds; TDS u/s 194 above ₹10k per company | — | |||
| Capital Gains — SecuritiesEquity, MF, bonds (LTCG + STCG combined); STT replaces TDS | — | |||
| Rental IncomeProperty let-out; TDS u/s 194I (5%) or 194IB (5% above ₹50k/month) | — | |||
| Professional / Business ReceiptsFreelance fees, consultancy; TDS u/s 194J / 194C | — | |||
| Other (Property Sale, Foreign Remittance, Lottery)SFT entries, property u/s 194IA, foreign remittance LRS | — |
Your Action Checklist
How to Use the AIS Reconciliation Tool
Reconciling your AIS, Form 26AS, and personal records before filing your Income Tax Return is the single most effective way to avoid an automated Section 143(1) intimation. The process takes 30–45 minutes if your records are organised. Follow these six steps:
- Download AIS, TIS, and Form 26AS from the e-filing portal at incometax.gov.in. Choose JSON or CSV for AIS so you can search transactions quickly. Form 26AS is downloaded from TRACES via the same portal.
- Open your supporting documents. Form 16 (salary), Form 16A (non-salary TDS), bank statements for every account linked to your PAN — even dormant ones — broker contract notes, mutual fund statements, and property registration deeds.
- Aggregate by income head. For each of the eight categories in the worksheet above, sum up the value reported in AIS, the TDS reflected in Form 26AS, and the figure as per your own records. Match the financial year to FY 2025-26 (1 April 2025 to 31 March 2026).
- Set your tolerance. The default ₹100 absorbs rounding differences. Reduce to ₹10 if you want a strict match; increase to ₹500 for high-income heads.
- Click Reconcile. The tool flags four kinds of issues: a clean match, an AIS overstatement (likely duplicate or wrong PAN), an AIS understatement (declare full amount in ITR), and a TDS gap (Form 26AS missing credit visible in AIS).
- Work through the action checklist. File AIS feedback for incorrect entries, contact deductors for missing TDS credits, and revise your ITR draft to include any income your records confirm but AIS missed.
CA Tip: Start reconciliation at least three weeks before your filing deadline. AIS feedback can take two to four weeks to reflect in TIS, and deductors need time to revise their TDS returns so the credit appears in your Form 26AS.
AIS vs Form 26AS vs TIS — What Each Statement Actually Shows
From Assessment Year 2023-24 onwards the Income Tax Department split the information that earlier sat inside Form 26AS into three separate statements. Knowing which document carries which data prevents wasted reconciliation effort.
Form 26AS — The Tax Credit Statement
Form 26AS is now restricted to tax credits attached to your PAN: Tax Deducted at Source (TDS), Tax Collected at Source (TCS), advance tax, self-assessment tax, refunds, and processing defaults. It is downloaded from the TRACES portal via the e-filing site and is the legally controlling document for claiming tax credits in your ITR. The CPC system restricts your TDS claim to the amount visible in Form 26AS regardless of what AIS shows.
AIS — The Annual Information Statement
AIS is the comprehensive view. It captures everything Form 26AS no longer carries: salary breakdowns, bank interest (savings, FD, RD), dividend payouts, mutual fund redemptions, securities trades, property purchases and sales, foreign remittances under the Liberalised Remittance Scheme, business receipts under SFT (Specified Financial Transactions), and even high-value cash deposits. Each transaction shows the reported value and a modified value after taxpayer feedback. AIS is published under Section 285BA of the Income Tax Act read with Rule 114E.
TIS — The Taxpayer Information Summary
TIS rolls up AIS into category-wise totals — Total Salary, Total Interest Income, Total Dividend, Total Capital Gains, Total Taxes Paid. It shows a Value Processed (after de-duplication by the system) and a Value Accepted (after taxpayer feedback). TIS is what the e-filing portal uses to pre-fill your ITR draft. You cannot edit TIS directly; submit AIS feedback and TIS updates automatically. The methodology Patron's CAs apply for AIS reconciliation is consistent with the audit and assurance standards prescribed by the Institute of Chartered Accountants of India (ICAI).
| Statement | Primary Purpose | Editable via Feedback? | Drives Pre-fill? |
|---|---|---|---|
| Form 26AS | TDS / TCS / Tax Payment credits | No — deductor must revise return | Tax credit claim |
| AIS | Comprehensive transaction view | Yes | Indirect (via TIS) |
| TIS | Category-wise summary | No (auto from AIS) | Yes — pre-fills ITR |
Note: The Income Tax Department itself states that AIS may not contain every item relevant to you. Always file your ITR based on your underlying records and supporting documents — not on AIS alone. AIS is a cross-check, not a substitute for your own books.
Common AIS Mismatch Patterns & How to Resolve Them
Over five years of running reconciliations for our clients, we see the same eight mismatch patterns recur across taxpayers. Each one has a specific remedy — picking the wrong remedy wastes weeks and may worsen the issue.
| Mismatch Pattern | Likely Cause | Correct Remedy |
|---|---|---|
| AIS shows interest, bank statement does not | Bank reported accrued (not paid) interest; or interest paid in next FY | Submit AIS feedback as Information is incorrect and attach interest certificate from the bank |
| Same FD interest appears twice in AIS | Bank reported under both PAN and account holder details | AIS feedback: Information is duplicate; reference the original transaction ID |
| Salary in AIS > Form 16 (Form 130 from FY 2026-27) | Employer reported gross including exempt allowances; or arrears/bonus credited differently | Use Form 16/130 figure in ITR; document the difference with payslip evidence |
| Dividend in AIS but not in your demat statement | Wrong PAN reported by the registrar (RTA), or company spin-off shares | Contact the RTA (KFin/CAMS/Link Intime); submit AIS feedback as Information relates to other PAN |
| TDS in AIS but missing from Form 26AS | Deductor filed wrong PAN or has not yet processed the quarterly TDS return | Email deductor with PAN; ask them to file revised TDS return. Wait for CPC processing before claiming credit. |
| Capital gains in AIS < broker statement | AIS uses cost-basis defaults; broker uses your actual buy price | Always declare per your broker contract notes and FIFO calculation. Tools like our Income Tax Calculator help test scenarios. |
| Property sale in AIS for a co-owner only | Registrar reported full value against one PAN instead of split between co-owners | AIS feedback: Information relates to other PAN; both co-owners should declare their share in their respective ITRs |
| SFT entry for cash deposit you didn't make | Bank misreported under your PAN, or joint-account holder's transaction tagged to you | AIS feedback: Information is incorrect with bank statement evidence; escalate to bank's nodal officer if not corrected |
CA Tip: If AIS shows higher income than your records and you cannot get the source to correct it before your filing deadline, declare the higher AIS figure in your ITR and continue pursuing feedback. You can always file a revised return under Section 139(5) before 31 December 2026 once the correction comes through. This is far safer than under-declaring and waiting for a notice.
Need Help Reconciling AIS, 26AS and Bank?
Patron's CAs match your AIS, 26AS and bank entries line-by-line, raise feedback on incorrect entries, and prepare the ITR ready to file. We support Pune, Mumbai, Delhi, Gurugram and pan-India clients.
Form 168 & Income Tax Rules 2026 — What Changes from 1 April 2026
The Central Board of Direct Taxes notified the Income Tax Rules 2026 alongside the Income Tax Act 2025, both effective 1 April 2026. The legacy form numbers used since 1962 are being renumbered for Tax Year 2026-27 onwards.
Form Renumbering Summary
| Old Form (FY 2025-26 & earlier) | New Form (Tax Year 2026-27 onwards) | Purpose |
|---|---|---|
| Form 26AS | Form 168 | Annual tax statement (TDS / TCS / payments) |
| Form 16 | Form 130 | Salary TDS certificate |
| Form 16A | Form 131 | Non-salary TDS certificate |
| Form 15G + 15H | Form 121 (merged) | Self-declaration for nil / lower TDS |
| Form 3CA / 3CB / 3CD | Form 26 (consolidated) | Tax audit report |
Transitional Provisions — What Applies to Your AY 2026-27 Return
Section 536(2)(c) of the Income Tax Act 2025 preserves the old Act for any proceeding relating to a tax year beginning before 1 April 2026. In practical terms, for your FY 2025-26 (Assessment Year 2026-27) ITR — the one you are filing in 2026 — the existing Form 26AS, Form 16, AIS, and TIS continue to apply. The Form 168 transition kicks in only when you reconcile income earned from 1 April 2026 onwards (FY 2026-27, the new "Tax Year 2026-27").
What Does Not Change
The substance of reconciliation is unchanged. AIS continues, taxpayer feedback continues, the AIS-TIS-26AS three-document architecture continues. Only the form numbers and the underlying statutory references change. Section 285BA of the 1961 Act becomes Section 522 of the 2025 Act, but the SFT reporting framework is identical. CBDT has stated that operational rollout will follow as the e-filing portal utilities are updated.
Note for Tax Year 2026-27 onwards: When you reconcile FY 2026-27 income (next year's filing), the worksheet above remains valid — replace "Form 26AS" mentally with "Form 168" and "Form 16" with "Form 130". Patron Accounting will update this tool with the renumbered terminology before the FY 2026-27 filing season opens.
How to Submit AIS Feedback (Step by Step)
AIS feedback is the official mechanism to dispute an entry without contacting the reporting source directly. Once feedback is accepted, the modified value flows into TIS, and your pre-filled ITR gets corrected automatically.
- Log in to the e-filing portal at incometax.gov.in using your PAN credentials.
- Open AIS: Dashboard → Annual Information Statement (AIS) → Proceed → AIS tile.
- Locate the disputed transaction. Use the search/filter by Information Source name, Information Code, or amount.
- Click Optional in the right-hand column, then Submit Feedback.
- Choose the appropriate feedback type:
- Information is correct — accept as is (no change needed).
- Information is not fully correct — modify the value and explain.
- Information relates to other PAN/year — wrong taxpayer or year tagging.
- Information is duplicate / included in other information — for repeat entries.
- Information is denied — transaction never happened.
- Customised feedback — for SFT entries with a free-text reason.
- Attach supporting documents (interest certificate, bank statement, contract note) and submit.
- Download the acknowledgement. Save the screenshot — it is your audit trail if the reporting entity disputes the change.
- Track status. AIS shows a Feedback Submitted tag; TIS updates within two to four weeks for simple corrections, six to eight weeks if the source has to be contacted.
What If Feedback Is Rejected?
If the reporting entity disputes your feedback, AIS marks the entry as Information confirmed by source. At that point you have three options: (a) accept the figure and adjust your ITR, (b) escalate to the source's grievance redressal officer (banks have one, registrars have one), or (c) file the ITR with your figure and prepare to respond to a likely Section 143(1) intimation with documentary evidence. Option (c) requires professional handling — a tax notice specialist can draft the response.
Statutory Risks of Filing Without Reconciliation
The Centralised Processing Centre at Bengaluru runs every ITR through automated comparison against AIS, TIS, and Form 26AS. Mismatches cascade through specific statutory provisions — knowing the sequence helps you decide how urgently to respond.
Section 143(1) — Prima Facie Adjustment
The first-line response to a mismatch. CPC issues an intimation (often within weeks of filing) showing the adjusted income, additional tax demand, and interest under Sections 234B/234C. You get a 30-day window to respond. Ignore it and the adjustment becomes final.
Section 139(9) — Defective Return Notice
Issued when the return is structurally incomplete relative to AIS — for example, missing schedules, undeclared TDS that exceeds tax payable, or capital gains schedule missing despite securities trades in AIS. You get 15 days to rectify, failing which the return is treated as not filed. See our guide on defective return notices.
Section 270A — Penalty for Misreporting (50% to 200%)
Where AIS data conclusively shows under-reporting of income, CPC can refer the case for Section 270A penalty proceedings. The penalty is 50% of tax on under-reported income, rising to 200% if classified as "misreporting" (e.g., concealment, false claims). Voluntary correction before notice issues — through revised return or ITR-U — substantially reduces this exposure.
Section 148 — Reassessment
For older years where AIS reveals high-value transactions not declared, the AO can reopen the assessment under Section 148. The reassessment window is now 3 years (or 5 years for entries above ₹50 lakh) per the Ministry of Finance Finance Act 2021 amendments, with confirming notifications from PIB. Defending these requires CA representation and documentation that may be 4-5 years old.
The economics of reconciliation are simple: 30–45 minutes spent reconciling AIS pre-filing saves potentially weeks of notice response work and tens of thousands of rupees in interest, penalty, and professional fees later. The ITR filing window for FY 2025-26 closes 31 July 2026 for non-audit cases, 31 October 2026 for audit cases, and 30 November 2026 for transfer pricing cases.