What it means
AIS gathers what banks, companies, registrars and deductors report against your PAN: TDS and TCS, interest, dividends, securities trades, property deals, large cash deposits and more. A summary, the Taxpayer Information Summary (TIS), totals it by category. The department uses it to pre-fill returns and to send notices when a return reports less. You can give feedback on any line that is wrong.
Example
Kaveri Agencies’ AIS for 2026-27 shows:
| Item | AIS | Books |
|---|---|---|
| Interest on fixed deposits | ₹42,000 | ₹38,500 |
| TDS from customers | ₹41,000 | ₹46,000 |
The interest gap is timing: the bank reports interest credited, the books show interest accrued to 31 March. The TDS gap needs a follow-up with customers, as with Form 26AS.
Common mistakes
- Ignoring AIS because the books are “correct”; the department reads AIS first.
- Not giving feedback on a wrong entry, such as a sale of shares reported twice.
- Matching only TDS and missing other income lines.
In MyRecords
You download the TDS part of AIS as a CSV and upload it on the TDS tab; MyRecords matches the TDS lines against TDS receivable in the books and lists the differences. Nothing in the file is saved. Other AIS lines stay for you and your CA to review.