Why AIS Matters to You:*l
As defenders of the nation, your financial wellness is non-negotiable. The Annual Information Statement (AIS) tracks your income, investments & property – but errors can trigger tax nightmares. Don't let flawed data sabotage your savings!
Key Risks:
⚠ *Capital Gains Mismatch* Sold stocks? AIS may report wrong sale prices (e.g., closing price vs. actual trade price). Result: Unnecessary scrutiny.
⚠ Property Double-Counting Joint property? AIS shows full value under each owner's PAN (e.g., ₹1Cr flat → ₹2Cr in AIS). Result: Tax notices.
⚠ FD Interest Duplication Accrued FD interest taxed annually? AIS may re-report it on maturity. Result: Inflated income.
Your Action Plan:
1️⃣ Reconcile NOW: Cross-check AIS + Form 26AS + investment records.
2️⃣ Report Errors:
→ Login: incometax.gov.in > Compliance > AIS tile
→ Select transaction > Click "Provide Feedback"
3️⃣ Document Everything: Keep trade confirmations, property papers & FD receipts.
4️⃣ File Returns On Time: Don't wait for AIS corrections!
Why Act?
A clean AIS = Smoother audits + Lower stress = Financial peace during service & retirement.