What is Form 26AS and the AIS?

Short answerForm 26AS is your tax statement showing TDS/TCS deducted, advance tax paid and refunds. The AIS (Annual Information Statement) is wider — it lists your interest, dividends, share and mutual-fund transactions, property deals and more. Both should be checked and reconciled before you file your return.

Form 26AS

Form 26AS is the tax-credit statement linked to your PAN. It shows the TDS and TCS deducted on your income, any advance or self-assessment tax you paid, and refunds received. It is the document your TDS claim is matched against.

The AIS goes further

The AIS is broader — it aggregates information reported to the department: savings and FD interest, dividends, securities and mutual-fund transactions, property purchases/sales, foreign remittances and more. It is meant to help you file completely, and the department uses it to flag mismatches. You can give feedback on incorrect AIS entries online. AIS data can be incomplete or wrong — verify against your own records.

Why reconcile — an example

Example: your AIS shows a ₹1.5 lakh mutual-fund redemption you forgot — reporting it avoids a later notice. Equally, if AIS double-counts a transaction, you submit feedback rather than over-report. Reconciling 26AS and AIS with your bank and broker statements before filing is the surest way to avoid a mismatch notice. Our team can reconcile them for you.

Talk to CA Vijay R Singh

Want your 26AS and AIS reconciled before filing? You can message him directly, or book a short call to talk through your situation.

This answer is general information for taxpayers, not tax advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.

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