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AIS/TIS Data Mismatch?

The government knows your financial transactions. If your ITR doesn't match their data (AIS), you will get flagged.

What it usually means

  • Interest from Savings/FD not reported in ITR.
  • Stock market or Mutual Fund profits (Capital Gains) omitted.
  • High value credit card usage or property purchase.

Risks if ignored

  • Defective Return Notice.
  • Inquiry for 'High Value Transactions'.
  • Addition to income and tax demand with interest.

Deep Dive Analysis

The Annual Information Statement (AIS) records every major financial footprint you leave—Savings interest, Dividend, Share sales, Mutual Funds, Property purchase, and even high value Credit Card spends. If you file your ITR without checking AIS, you are almost guaranteed to get a 'Defective Return' notice or a 'High Value Transaction' inquiry.

High Value Transactions

SFT Reporting

Banks report deposits > 10L to Tax Dept.

Property Purchase

Registrar reports property deals > 30L.

Share Trading

Depositories report all sale of shares.

Foreign Travel

Expenditure > 2L can trigger scrutiny.

How to Solve This

Select Solution Method

Correcting System Errors

Sometimes AIS has duplicate entries or wrong data. You can deny this info.

1

Access AIS

Login to Portal > Services > Annual Information Statement (AIS).

2

Select Transaction

Click on the specific entry (e.g., a duplicate FD interest entry).

3

Provide Feedback

Choose 'Information is denied', 'Duplicate', or 'Information relates to other PAN'. The system will update TIS.

Still unsure what to do?

If the steps above seem complicated, or if the amount involved is high, do not risk a DIY fix. Let our CAs handle it.