AIS, TIS, Form 26AS reconciliation before filing ITR AY 2026-27: complete pre-filing workflow

AIS, TIS, Form 26AS reconciliation — yeh teen documents ITR filing se pehle mandatorily reconcile karne padte hain. Single most important pre-filing step jo skip karne ka cost ₹5K-50K tax demands + scrutiny notices + refund delays mein aata hai.

Most taxpayers ko clarity nahi hai — Form 26AS ko hi sufficient maan lete hain (jo glaring incomplete picture hai). Department ke automated systems AIS data se compare karte hain — Form 26AS sirf TDS portion show karta hai.

This article gives you:

• Exact differences between AIS, TIS, Form 26AS
• 6-step pre-filing reconciliation workflow
• AIS feedback mechanism (5 correction categories)
• Section 143(1)(a) intimation prevention
• Form 168 transition under IT Act 2025
• Common mismatches with fix patterns

# Three documents — purpose and scope

# Form 26AS — Tax Credit Statement (narrow)

What it shows:

• TDS deducted by employers (salary)
• TDS by banks (FD interest)
• TDS by professional fee payers
• TDS by tenants on rent (if applicable)
• TCS (Tax Collected at Source)
• Advance tax paid by you
• Self-assessment tax paid
• Refunds received

What it doesn't show:

• Income against which no TDS was deducted
• High-value transactions (property purchase, MF investments)
• Foreign account information
• GST turnover
• Capital gains

Where to access:

• Income tax e-filing portal (login → Quick Links → Form 26AS)
• TRACES portal (https://contents.tdscpc.gov.in)

# AIS — Annual Information Statement (broad)

What it shows (everything in Form 26AS PLUS):

• SFT (Statement of Financial Transactions) — High-value reported by banks, brokers, registrars: - Cash deposits >₹10 lakh in savings (single account) - Property purchases >₹30 lakh - MF transactions >₹2 lakh - Foreign currency >₹1 lakh - Credit card payments >₹2 lakh aggregate - Time deposits >₹10 lakh

• AEOI (Automatic Exchange of Information) — Foreign bank account data shared by OECD countries under FATCA/CRS
• GST turnover from GSTR-3B (FY 2023-24 onwards)
• Capital gains from broker reports
• Dividend income from companies
• Salary breakdown from Form 16/24Q
• Interest income with TDS details
• Property rental with TDS details

Where to access:

• e-filing portal → Services → Annual Information Statement (AIS)

# TIS — Taxpayer Information Summary (simplified)

What it is: Pre-fill ready summary derived from AIS, organized by income heads:

• Salary
• House Property
• Interest (FD, savings, bonds)
• Dividend
• Capital Gains
• Other Sources
• Business/Profession (with GST data)

Two columns per category:

1. Reported Value — raw AIS data
2. Accepted Value — updated after your feedback corrections

Where used: ITR pre-fill draws from TIS Accepted Values.

# Hierarchy and flow

Third-party reports (bank, broker, registrar)
              ↓
       AIS (Annual Information Statement)
       Detailed transaction-level data
              ↓
       TIS (Taxpayer Information Summary)
       Categorized + summarized for pre-fill
              ↓
       Pre-filled ITR draft
              ↓
       Your review + corrections + submit

Form 26AS runs parallel — narrower scope for TDS credit verification.

# 6-step pre-filing reconciliation workflow

# Step 1: Download all three documents

Form 26AS download:

• Login e-filing portal
• Quick Links → Form 26AS
• Select assessment year 2026-27
• Download PDF

AIS download:

• e-filing portal → Services → AIS
• Select FY 2025-26 (AY 2026-27)
• Tabs: Part A (general info), Part B (financial transactions)
• Download AIS PDF + JSON file

TIS download:

• Same screen as AIS → "Taxpayer Information Summary" tab
• Download TIS PDF

# Step 2: Cross-check Form 26AS with AIS

TDS reconciliation:

• Every TDS entry in Form 26AS should match AIS TDS section
• If TDS in AIS but missing from Form 26AS → deductor's filing issue — contact deductor (employer, bank) to file TDS correction
• Important: Only Form 26AS-reflected TDS is claimable as credit in ITR

Common issue: Bank TDS on FD interest reported in AIS but not Form 26AS (bank delay in TDS return filing). Fix: contact bank TDS desk OR wait for AIS update (auto-syncs).

# Step 3: Review AIS Part B category by category

Salary income:

• Compare with Form 16 from employer
• Verify gross salary, allowances, perquisites
• ESOP/RSU perquisite reflected?

Interest income:

• ALL bank accounts (current, savings, FD) — even dormant ones
• Bonds (RBI, corporate, tax-free)
• Recurring deposits, post office schemes
• Common miss: Old FD in unused bank account

Dividend income:

• Equity dividends (post April 2020, taxable in shareholder's hands)
• Mutual fund dividends
• AIF/REIT distributions

Capital gains:

• Broker reports automatically pushed to AIS from FY 2022-23
• Equity transactions, MF redemptions, off-market transfers

Property transactions:

• Sale/purchase of immovable property > ₹30L
• Rent received (if landlord)

SFT high-value:

• Cash deposits > ₹10L
• Credit card payments > ₹2L aggregate
• MF investments > ₹2L

Foreign asset data (AEOI):

• Foreign brokerage accounts (Schwab, Fidelity, E*Trade)
• Foreign bank account balances reported by treaty country
• Cross-check with Schedule FA in ITR

GST turnover (if registered):

• GSTR-3B turnover totals
• Match with business income in ITR Schedule BP

# Step 4: Submit feedback for incorrect entries

5 feedback categories:

Submission method:

• Online via portal (each entry individually)
• Offline AIS utility download → bulk edit → upload

Wait period: Reporting entity has 30 days to respond. If they accept → TIS Accepted Value updates. If they deny → entry remains as-is.

Save proof: Download "AIS Consolidated Feedback PDF" — time-stamped record.

# Step 5: Wait for TIS update OR proceed with own records

Option A: Wait for TIS update

• Submit AIS feedback
• Wait 7-30 days for source confirmation
• TIS Accepted Value updates
• File ITR using updated values

Option B: Proceed with own records

• Submit AIS feedback (creates record)
• Don't wait — file ITR with your accurate numbers (supported by bank statements, Form 16, etc.)
• Keep AIS Consolidated Feedback PDF as proof
• If Section 143(1)(a) notice comes, respond with documentary support

Best practice: Most CAs use Option B for time-bound filings.

# Step 6: Final pre-submission cross-check

Before clicking submit:

• Salary in ITR = Form 16 = TIS Accepted Value
• Interest in ITR = bank statements sum = TIS Accepted Value
• Dividend in ITR = broker dividend report = TIS Accepted Value
• Capital gains in ITR = broker tax P&L = TIS Accepted Value
• TDS claimed in ITR ≤ Form 26AS amount
• Tax paid matches challan numbers in 26AS

# Common mismatch scenarios + fixes

# Mismatch #1: Interest income from forgotten FD

Issue: AIS shows ₹45,000 FD interest from bank you forgot existed (old salary account).
Fix: Include in Schedule OS. Reconcile bank statements. File correctly.

# Mismatch #2: Duplicate MF transaction

Issue: AIS shows MF purchase ₹3L from BOTH AMC and registrar — counted twice.
Fix: AIS feedback "Information is duplicate" → wait for confirmation → use single entry.

# Mismatch #3: ESOP perquisite missing from ITR

Issue: Form 16 shows ESOP perquisite ₹2L (already TDS deducted), AIS reflects. ITR draft missed.
Fix: Include in Schedule S (Salary) as perquisite. Don't claim again as capital gains.

# Mismatch #4: Property purchase reported but no funds tracked

Issue: AIS SFT shows ₹40L property purchase. Source: housing loan ₹35L + ₹5L savings.
Fix: Add explanatory note in ITR. Source of funds documentation ready. No action unless notice.

# Mismatch #5: Off-market share transfer

Issue: AIS shows ₹15L equity received as off-market transfer (inheritance, gift).
Fix: Not capital gains at receipt. But cost basis = original cost (carry-over basis for transfers without consideration). Disclose in ITR explanatory note.

# Mismatch #6: Foreign brokerage account in AEOI

Issue: AIS shows your US Schwab account balance via AEOI (FATCA).
Fix: Mandatory Schedule FA disclosure. Even $0 balance requires reporting. Black Money Act applies if missed.

# Mismatch #7: GST turnover ≠ ITR turnover

Issue: GSTR-3B shows ₹70L turnover, ITR Schedule BP shows ₹65L.
Fix: Reconciliation note — GST-exempt receipts, year-end accrual differences, advances vs revenue. Maintain working paper.

# Section 143(1)(a) intimation — response workflow

# What is 143(1)(a) intimation

Automated computer-generated notice under Section 143(1)(a) of Income Tax Act. Issued when:

• TDS claimed in ITR > Form 26AS TDS
• Income declared in ITR < AIS-reflected income
• Mathematical errors in tax computation
• Tax payment mismatches

# Notice contents

• Tax department's computation vs your computation
• Differences highlighted with amounts
• Adjustments proposed
• Demand or refund implication
• 30-day response window

# Response options

Option A: Agree with adjustment

• Accept on portal
• Pay additional tax + interest if demand
• Or accept reduced refund

Option B: Disagree

• Submit response with documentary support
• Login portal → e-Proceedings → respond
• Upload bank statements, Form 16, broker reports, etc.
• Mention AIS Consolidated Feedback PDF reference

Option C: File revised return

• If you missed legitimate income → file revised ITR under Section 139(5)
• Belated revised allowed till 31 March 2027 for FY 2025-26

# Consequences of ignoring

30 days passed without response:

• Adjustment deemed accepted
• Demand becomes recoverable
• Refund withheld
• Possible scrutiny escalation under Section 143(2)

# Form 168 transition (IT Act 2025)

# What is Form 168

New annual tax credit statement under Income Tax Rules 2026, replacing Form 26AS from Tax Year 2026-27 (FY 2026-27 onwards).

# Why introduced

• Integrate AIS + Form 26AS into single document
• Unified view of tax credits + financial info
• PAN-based only (no Aadhaar display for privacy)
• Updated structure aligned with Income Tax Act 2025

# Transition timeline

# Practical impact for taxpayers

• Same data points, restructured presentation
• Existing reconciliation discipline carries over
• Pre-filing checks unchanged in substance
• CBDT detailed rules expected mid-2026

# Action plan — Pre-filing reconciliation checklist

# Day 1: Download

• [ ] Form 26AS (current AY)
• [ ] AIS Part A + Part B
• [ ] TIS

# Day 2: Side-by-side review

• [ ] Form 26AS TDS entries match AIS
• [ ] Form 26AS advance tax/SAT match challan records

# Day 3-4: AIS Part B detail

• [ ] Salary income vs Form 16
• [ ] Interest income vs bank statements (ALL accounts)
• [ ] Dividend vs broker reports
• [ ] Capital gains vs broker tax P&L
• [ ] Property transactions (SFT)
• [ ] GST turnover (if applicable)
• [ ] Foreign assets (AEOI)

# Day 5: Feedback submission

• [ ] List discrepancies
• [ ] Categorize each (correct / not fully correct / duplicate / wrong PAN / denied)
• [ ] Submit feedback via portal
• [ ] Download Consolidated Feedback PDF

# Day 6-7: ITR preparation

• [ ] Use updated TIS Accepted Values OR own records (with feedback proof)
• [ ] Cross-check each schedule with source documents
• [ ] Compute tax under chosen regime
• [ ] Pay self-assessment tax if any liability
• [ ] Submit ITR + verify within 30 days

# References (verified 23 May 2026)

• Tax Garden — AIS vs Form 26AS vs TIS AY 2026-27 Complete Guide
• Patron Accounting — Form 168 AIS 2026 New Rules
• Finnovate — AIS vs TIS vs Form 26AS Before Filing ITR
• Tax Social — Form 26AS vs AIS vs TIS Mismatch Fix
• Tax Queries — AIS TIS Form 26AS AY 2026-27 Filing Guide
• Patron Accounting — AIS & 26AS Reconciliation Workflow
• Income Tax India — AIS FAQ Portal

Disclaimer: Yeh article educational guidance hai based on Income Tax Act 1961 provisions for FY 2025-26 (AY 2026-27), with Income Tax Act 2025 transition guidance. AIS feedback mechanism per CBDT Press Release November 2021 with subsequent updates. Form 168 framework per Income Tax Rules 2026 effective from FY 2026-27. Complex pre-filing reconciliation cases (multiple income sources, foreign assets, GST registered businesses) require qualified CA consultation. Data verified 23 May 2026.

Written by

Prabhakar Kumar

Chartered Accountant (ICAI, Nov 2019)

Founder of VittSphere Technologies. Practicing CA serving 200+ MSME clients across Pune. 86% win-rate at AO and CIT(A) level tax appeals. Writes on Indian taxation, capital gains, and personal finance.