Before you begin filing your annual Income Tax Return, gathering Form 16 from your employer is only the first step. The Income Tax Department maintains comprehensive digital logs of your financial transactions through Form 26AS and the Annual Information Statement. Reviewing these documents ensures all interest income, share transactions, and tax deductions match official records.
Accessing Your Annual Information Statement on the Portal
Log in to your e-Filing portal account using your PAN and password, then navigate to the Services menu. Select the Annual Information Statement link, which redirects you securely to the dedicated AIS reporting portal. Here you will find detailed categories covering salary income, bank interest, dividend payments, and mutual fund transactions.
Comparing Form 26AS with Reported Tax Deductions
Form 26AS acts as your official tax credit ledger, showing all Tax Deducted at Source by employers, banks, or clients. Compare the TDS amounts shown in Form 26AS against your salary slips and bank interest certificates for the financial year. Any discrepancy between your tax return entries and Form 26AS will pause your refund processing.
Submitting Feedback for Incorrect Financial Entries
If the AIS displays a financial transaction that does not belong to you or lists an incorrect amount, you can submit online feedback directly. Click on the specific line item, select the appropriate option such as Information is Not Correct, and submit your response. Updating these details early prevents artificial tax demand notices during processing.