MUST Check Them Before Filing Your ITR (FY 2024–25)
Before you file your income tax return, there’s one crucial step that most individuals skip — reviewing Form 26AS and AIS.And that’s where the mistakes begin. Incorrect TDS, missed incomes, or refund delays can all be traced back to ignoring these two documents. In this blog, we’ll explain: What is Form 26AS? Form 26AS is your tax passbook — it contains all the tax-related information linked to your PAN: It reflects data processed by the Income Tax Department, based on returns filed by others (like employers, banks, etc.) What is AIS (Annual Information Statement)? AIS is a detailed income and transaction tracker — launched recently to provide a full financial summary of a taxpayer. It includes: AIS is more comprehensive than Form 26AS — and sometimes may contain income not declared in Form 16. Why Are These Documents Important? When you file your ITR, your return must match what the government already knows about you. ✅ They help you: If your ITR doesn’t align with Form 26AS or AIS — your refund may be withheld, or worse, you may get a notice. How to Download Form 26AS and AIS? Form 26AS: AIS (Annual Information Statement): What If There’s a Mismatch? If something in AIS or 26AS is: Don’t ignore mismatches — they may result in tax demand notices later. Real-World Example Mr. Rohit, a salaried employee, got ₹8.25L salary (TDS done), but also had: These didn’t appear in Form 16 — but were clearly listed in AIS and 26AS. Rohit ignored AIS and filed a return using Form 16 only → result?Refund withheld, got notice for income mismatch. A simple review of 26AS & AIS could have saved him the trouble. Let BizGuardian Review It For You — Before Filing Don’t let a mismatch delay your refund — Contact BizGuardian today![ Email: support@bizguardian.in / WhatsApp : 9003009901]