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Diff in 26AS & AIS

16 March 2023

should differences in 26AS & AIS ( feed back)....given at time of spotting difference or waite till ITR is filed and diff continues to exist at that point

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5 Replies

Ayush (Executive ) (6765 Points)
Replied 16 March 2023

If there is a difference between the 26AS and AIS of a taxpayer, it is advisable to wait until the ITR is filed to spot the difference. This is because the AIS is a compilation of various transactions made by the taxpayer during the financial year, while the 26AS is a record of the tax deducted or collected on behalf of the taxpayer.

It is possible that the differences between the AIS and the 26AS may be resolved before the ITR is filed, as some transactions may take time to get updated in the 26AS. However, if the difference persists at the time of filing the ITR, it should be rectified by reconciling the AIS and 26AS, and ensuring that the correct information is provided in the ITR.

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Mahesh Shah (2321 Points)
Replied 16 March 2023

Thanks for prompt reply

Lotus Agrawal (Practice) (1361 Points)
Replied 16 March 2023

You should wait till 31st may. i.e. the last date of TDS Returns. Details of 26AS may get updated if any TDS return is filed or corrected.

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Mahesh Shah (2321 Points)
Replied 16 March 2023

True,.....we can even know actual interest on FD and TDS ....and from 16 form salary.....the correct values.....so we can rectify with correct amounts.....after getting all revelant documents

Thanks all for prompt reply and conforming my query