How to read AIS and why is it key to filing ITR
How to read your AIS
AIS includes details under three broad categories—income details, tax payments in the form of TDS, TCS, and advance tax, and high-value transactions, such as credit card bills over ₹10 lakh, property purchases, and foreign remittances. Experts say each entry needs to be reviewed carefully.
Income and tax payment details are directly related to ITR filing, so each income head must be tallied against the document that generated it. For example, salary should be matched with Form 16, interest income with the annual interest certificate issued by the bank, dividend income with broker or depository statements, and capital gains with the capital gains statement provided by the broker, registrar or mutual fund.
