Introduction

Before you hit “Submit” on your Income Tax Return, it’s vital to verify that every rupee of income and every rupee of tax deducted has been correctly reported to the Income Tax Department.
That’s where Form 26AS, the Annual Information Statement (AIS), and the Taxpayer Information Summary (TIS) come in.

These three statements act as the government’s mirror of your financial year — reflecting your income sources, TDS, advance tax, and high-value transactions.

In this blog, Bisways Consulting Group explains how to read, compare, and reconcile these reports so your ITR matches department records perfectly.

Form 26AS – The Original Tax Credit Statement

Form 26AS is a consolidated statement issued under Section 203AA. It shows:

• TDS and TCS deducted by employers, banks, or vendors.

• Advance Tax / Self-Assessment Tax payments made by you.

• Refunds received from the Income Tax Department.

• Annual Information Return (AIR) transactions reported by banks or registrars.

Access it on the Income Tax portal → e-File → View Form 26AS.

Verify that the TDS entries match your payslips, invoices, and Form 16.

Any mismatch must be corrected by the deductor through a revised TDS return before you file your ITR.

AIS – The Expanded Information Statement

The Annual Information Statement (AIS) introduced in FY 2021-22 gives a 360° view of your financial footprint, including:

• Salary, professional fees, interest, and dividend income.

• Property sales/purchases and securities transactions.

• Credit-card or foreign-exchange spends reported by institutions.

• GST-related data and refunds (for businesses).

Download it under “Services → Annual Information Statement (AIS)” on the portal.

Each item lists the source, value, and TDS/TCS deducted, allowing you to confirm whether income is correctly captured.

TIS – Your Summarised Snapshot

Alongside AIS, the system generates a Taxpayer Information Summary (TIS) — a simplified, pre-filled summary of totals that the department will use while processing your return. The TIS categorises income under heads such as salary, business, capital gains, and others.

✅ Compare TIS figures with your computation sheet before submission — this ensures your declared income tallies with what the department already holds.

Reconciling 26AS, AIS and TIS Before Filing

• 1.Download all three statements for the relevant FY

• 2.Match each income source (salary, interest, capital gains) with your records.

• 3.Identify extra entries — sometimes AIS lists joint investments or incorrect duplicates.

• 4.Use the ‘Feedback’ option in AIS to flag or correct discrepancies.

• 5.Ensure TDS values match Form 16/16A and bank interest certificates.

• 6.Rectify errors early to prevent refund delays or scrutiny.

Consequences of Mismatch

• Automated notices u/s 143(1)(a) for discrepancies.

• Refund withholding until verification completes.

• Inaccurate reporting penalties under Section 270A.

• Re-assessment risk if undeclared income appears in AIS/TIS.

Consequences of Mismatch

• Maintain a monthly folder of Form 16s, interest certificates, and mutual-fund statements.

• Log in to the portal every quarter to review AIS updates.

• For joint accounts, ensure PAN mapping is correct.

• If TDS is missing in 26AS, request your deductor to file a correction statement.

• Cross-verify income with Form 16 and books before uploading ITR JSON.

Conclusion

Reconciling your Form 26AS, AIS, and TIS is the smartest way to prevent ITR mismatches and unnecessary notices.

When your declared income perfectly aligns with department data, refunds are faster and your compliance record stays spotless.