ITR 2026: 5 AIS Errors That Cost You ₹5,000
ITR filing season is open. Before you hit submit, check your AIS and Form 26AS carefully — wrong entries or missing TDS credits can lead to tax notices, penalties, or a rejected refund.
One missed TDS entry in AIS can trigger a tax notice worth more than 3 months of chai.
Miss this ITR deadline and you pay up to ₹5,000 in late fees
Key Takeaways
Log into incometax.gov.in, open AIS under 'Services', and cross-check every income entry — especially FD interest, dividend credits, and any property sale proceeds.
Compare Form 26AS with your employer's Form 16 to ensure TDS deducted by your company matches what's reflected — report any discrepancy to your employer before filing.
If you spot an incorrect AIS entry (a bank reported wrong interest, for example), use the 'Feedback' option inside AIS to flag it as 'Incorrect' before submitting your return.
ITR filing season is open. Before you hit submit, check your AIS and Form 26AS carefully — wrong entries or missing TDS credits can lead to tax notices, penalties, or a rejected refund.
Here's what happened: The ITR filing window for FY 2025-26 (AY 2026-27) is now open, with the deadline set at 31 July 2026 for salaried individuals.. AIS (Annual Information Statement) now captures not just salary TDS but also savings account interest, dividends, mutual fund redemptions, and property transactions.. Mismatches between what you declare in your ITR and what AIS shows can trigger automated scrutiny notices from the Income Tax Department..
What you should do: Log into incometax.gov.in, open AIS under 'Services', and cross-check every income entry — especially FD interest, dividend credits, and any property sale proceeds.. Compare Form 26AS with your employer's Form 16 to ensure TDS deducted by your company matches what's reflected — report any discrepancy to your employer before filing.. If you spot an incorrect AIS entry (a bank reported wrong interest, for example), use the 'Feedback' option inside AIS to flag it as 'Incorrect' before submitting your return..
Even ₹1 of savings account interest above ₹10,000 is now visible in AIS — banks report it automatically. Hiding it is pointless; missing it will cost you a notice.
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