Over 1.62 crore taxpayers have so far filed their income tax returns (ITRs) this assessment year (AY2025-26). The Income Tax Department website shows that as many as 1.13 crore verified ITRs have been processed by the department. Comparing this year’s data with last year’s over 9 crore ITRs, it can be said that more than 80% taxpayers are yet to file their returns for FY2024-25.
Amidst all this, many taxpayers are hitting a familiar roadblock like every year — mismatches in their Annual Information Statement (AIS). If you’re among them, don’t panic. The Income Tax Department has issued clear guidelines on what to do next. But before that you must understand what AIS is all about.
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AIS, an extension of Form 26AS, is a consolidated report that captures your entire financial footprint — from bank interest and dividends to stock trades, mutual fund transactions, and property deals. This data plays a crucial role in your income tax return (ITR) filing, and any mismatch could potentially trigger tax notices.
To avoid such complications, the tax department urges taxpayers to carefully review their AIS before filing their ITR for AY 2025–26. And if you spot an error or a mismatch, the department now offers a way to correct it.
How to fix a mismatch in AIS:
The Income Tax Department, in a post on social media platform X dated July 16, 2025, explained the process:
-Submit feedback for each transaction you believe is incorrect or missing.
-Locate the transaction in AIS, click on “Optional” or “Add Feedback”, and provide your response.
-The department will then verify the feedback and confirm it with the source (such as a bank, mutual fund company, etc.).
-The AIS will reflect the status of the feedback as Accepted or Rejected, depending on the outcome of verification.
This initiative is part of the department’s push to improve taxpayer services and promote voluntary compliance.
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