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ITR Filing Alert: More than 5 Crore Taxpayers Have Checked This Statement. Have You?
Written by Shubham Jain
As you prepare to file your Income Tax Return (ITR), you might find yourself sifting through various documents like bank statements, dividend records, Form 16, investment summaries, and other tax materials. Keeping track of all these details can be difficult, and missing even minor details could result in errors on your tax return.
To help taxpayers avoid such challenges, the Income Tax Department has once again encouraged taxpayers to review their Annual Information Statement (AIS) before filing their ITR. In a recent post on X, the department said that over 5 crore taxpayers have already checked their AIS and urged others to review their information before hitting the 'File ITR' button.
The Income Tax Department pointed out that many taxpayers face difficulties in collecting details from multiple sources while filing their ITR. Interest from savings accounts or fixed deposits is reflected in bank statements, dividend income is reported separately, and details of certain high-value financial transactions may be sourced from different records.
The department said that reviewing the Annual Information Statement is the easiest way to bring all this information together.
Why Does the AIS Matter?
The department had also shared a brief video along with the post that explains the importance of starting the filing process by reviewing the AIS. The Annual Information Statement, or AIS, serves as a detailed record of a taxpayer's financial transactions that is available on the Income Tax portal.
Contrary to Form 26AS, which primarily reflects tax deducted at source (TDS), tax collected at source (TCS), and certain tax payments, AIS presents a broader overview of your financial activities.
This includes details like interest income, dividend income, and various high-value financial transactions reported to the tax authorities. Hence, AIS serves as an important reconciliation tool before filing an ITR and helps taxpayers in identifying any omitted income.
According to the Income Tax Department, over 5 crore taxpayers have already accessed their Annual Information Statement.
What if You Find Incorrect Information?
The department has also reminded taxpayers not to ignore any inaccuracies in their AIS. You can submit online feedback through the Income Tax Portal if any entry appears incorrect, duplicated, or seems unrelated to you. This feature allows taxpayers to highlight discrepancies before submitting their return.
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How to Access Your AIS?
Accessing your AIS is straightforward. Taxpayers simply need to log into the Income Tax e-filing portal and select the View AIS option. They should compare the information displayed in the statement with their financial records and use the online feedback feature to report any inaccuracies.
As the July 31, 2026, Income tax deadline for filing ITR-1 and ITR-2 approaches, the Income Tax Department recommends incorporating AIS verification into your filing process. Before submitting your return, reviewing and reconciling this statement ensures that the information in your ITR matches the records held by the tax department. It will help make the filing process easier and minimize the potential for future discrepancies or notices.
Glossary
- Annual Information Statement: Annual Information Statement Includes Taxpayers' Information, Including Securities, Interests, Dividends, and Transactions.
- Income Tax: Income Tax, a Type of Direct Tax, is Imposed by the Government on the Income of Individuals or Organisations.
- Income Tax Act: Income Tax Act, an Act to Manage and Govern the Direct Taxes, by Levying, Collecting, and Administering.
- Income Tax Department: Income Tax Department, a Part of the Indian Government, Handles the Levying and Collection of the Tax.
- Income Tax Return: Income Tax Return, Filed by Taxpayers, Contains a Formal Record of the Collected Tax by the Government.
- Tax Deducted at Source (TDS): The Full form of TDS is Tax Deducted at Source, which is a way to collect the income tax.
Disclaimer
Note: This guide is for information purposes only. The views expressed in this guide are personal and do not constitute the views of Savetaxs. Savetaxs or the author will not be responsible for any direct or indirect loss incurred by the reader for taking any decision based on the information or the contents. It is advisable to consult either a CA, CS, CPA or a professional tax expert from the Savetaxs team, as they are familiar with the current regulations and help you make accurate decisions and maintain accuracy throughout the whole process.
About Author
Shubham Jain is the Founder of SaveTaxs and has extensive experience in Indian and NRI taxation. He advises individuals, NRIs, and businesses on tax filing, tax planning, capital gains, DTAA benefits, fund repatriation, and compliance matters. He regularly writes about taxation and related financial topics. His focus is on making complex tax concepts easy to understand. Through his articles, he helps taxpayers stay informed, avoid common mistakes, and stay compliant with Indian tax laws. See Full Bio
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Frequently Asked Questions
This alert refers to the annual information statement (AIS), which reflects your financial transactions, TDS, TCS, and other income details linked to your PAN.
Checking AIS helps you confirm all income and taxes paid, so you can file an accurate return and avoid any mismatches or notices.
To check your AIS, log in to the Income Tax e-filing portal, → go to the AIS section and view your AIS for the relevant financial year.
You can submit online feedback directly in the portal and report incorrect or missing information in your AIS.
Every taxpayer must review AIS before filing ITR, including salaried, business, investor, or freelancer. This helps ensure all income and TDS are reported correctly.