AIS Shows Income You Never Earned How to Correct Wrong Information

AIS is an information statement, not a final tax order. Wrong or duplicate information should be reviewed, supported and answered through the available feedback process while the ITR reports the legally correct income.

This guide explains the issue from the beginning, shows the checks to perform and gives a practical action plan. You do not need tax knowledge before reading it. Important terms are explained below.

This guide is useful for individuals, freelancers, professionals, shopkeepers and small businesses dealing with this issue for the first time. It also gives finance teams a simple checklist before they share the case with a tax professional.

• Identify the information source

• Check duplicate and joint records

• Submit accurate feedback

• Keep AIS TIS and ITR consistent

• Step by step action plan

• Practical example and common mistakes

• Documents to keep ready and frequently asked questions

Check whether the item came from a bank, broker, property transaction, GST data or another reporting entity.

Check the filed return, the portal status and the supporting statement together. For identify the information source, one document may show the symptom while another shows the reason. Trace the difference to the exact row, year and amount before submitting a new request.

Joint accounts, cancelled trades, duplicate entries and gross-versus-net reporting are common reasons for apparent differences.

Check the filed return, the portal status and the supporting statement together. For check duplicate and joint records, one document may show the symptom while another shows the reason. Trace the difference to the exact row, year and amount before submitting a new request.

Select the feedback reason that matches the facts and retain evidence. A casual rejection without support does not remove the need for correct reporting.

Check the filed return, the portal status and the supporting statement together. For submit accurate feedback, one document may show the symptom while another shows the reason. Trace the difference to the exact row, year and amount before submitting a new request.

TIS may update after feedback. Compare the final return with both statements and explain any remaining difference in your working papers.

Check the filed return, the portal status and the supporting statement together. For keep ais tis and itr consistent, one document may show the symptom while another shows the reason. Trace the difference to the exact row, year and amount before submitting a new request.

Open the e-filing portal and download the filed ITR, latest intimation or notice, AIS and Form 26AS for the same assessment year. Put the related figures side by side. Mark each difference in income, deduction, tax credit, interest, refund or demand.

Then decide where the error started. If the ITR is wrong, check whether revision is available. If processing is wrong, review rectification. If the source statement is wrong, the employer, bank or other reporting person may need to correct it. Do not choose the remedy only from the final refund or demand amount.

1. Review identify the information source and collect the supporting record.

2. Review check duplicate and joint records and collect the supporting record.

3. Review submit accurate feedback and collect the supporting record.

4. Review keep ais tis and itr consistent and collect the supporting record.

AIS shows Rs 7 lakh of mutual-fund sale proceeds. That is not automatically Rs 7 lakh of taxable gain. The taxpayer must calculate cost and gain while also checking that the transaction belongs to the correct PAN.

The lesson is to trace the issue before correcting it. Start with the source record, calculate the exact effect and keep proof of the action taken. If the correction changes tax, credit, refund or statutory status, recheck the portal after processing rather than assuming submission completed the matter.

• Filed ITR and acknowledgement

• Tax computation and challans

• AIS, TIS and Form 26AS

• Intimation, notice or refund communication

• Bank, salary, investment and income records

Use clear filenames that include the year, form or statement and date. Keep the final filed version separately from drafts so the wrong document is not used later.

• Ignoring identify the information source when deciding the next step

• Ignoring check duplicate and joint records when deciding the next step

• Ignoring submit accurate feedback when deciding the next step

• Ignoring keep ais tis and itr consistent when deciding the next step

These mistakes usually happen when the final amount is checked without tracing the supporting record. Confirm the year, form, source data and portal status before filing a correction or response.

Seek help when the portal shows a demand, the deadline is close, more than one assessment year is involved, or the return and third-party statements do not agree.

Professional review is especially useful when the case affects more than one return, another person must correct data, or the response period is short. Share the full communication and supporting records rather than only a screenshot of the final amount.

The safest approach is simple. Identify the correct year, compare the official portal record with your documents, calculate the exact difference and use the remedy designed for that difference. Save every acknowledgement and check the status again after processing.

Taxplan can review disputed AIS items and prepare a documented reconciliation.

Talk to Taxplan Advisor → https://www.taxplanadvisor.in/

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• Income Tax Department Tax Payments

Editorial note Recheck deadline-sensitive details against the latest notification and portal guidance before publication. This article provides general information and does not replace advice based on a taxpayer’s documents and facts.