ITR Filing 2025 As the income tax return (ITR) filing season for Assessment Year 2025–26 is now open, many taxpayers are rushing to submit their returns. While the filing process has become more streamlined over the years, one simple mistake can lead to a dreaded income tax notice — or worse, a delay in your refund.
Why Your ITR Filing Needs More Than Just Salary Slips
Many individuals assume that if their salary slips and Form 16 are ready, they’re good to go. But the truth is, the Income Tax Department tracks your financial activity throughout the year. If there’s even a minor mismatch between your ITR and your records in AIS or Form 26AS, you could be flagged for scrutiny.
Let’s understand what these forms are and why they are critical for a smooth, notice-free ITR experience.
What is AIS (Annual Information Statement)?
AIS (Annual Information Statement) is a comprehensive digital report that tracks nearly all your financial transactions throughout the year. It is one of the most powerful tools introduced by the Central Board of Direct Taxes (CBDT) to bring transparency and accuracy into the tax system.
AIS includes:
- Salary details
- Interest from savings accounts or FDs
- Dividend income
- Rental income
- TDS (Tax Deducted at Source)
- TCS (Tax Collected at Source)
- Mutual fund and share transactions
- Property purchases or sales
- Foreign remittances
- GST turnover
- Refunds, tax payments, and demands
What is Form 26AS?
While AIS gives you a broad view, Form 26AS provides a focused picture of your tax credit status. It shows exactly how much tax has been deposited under your PAN number throughout the financial year.
Form 26AS shows:
- TDS from salary, interest, or other sources
- Advance tax and self-assessment tax payments
- Tax refunds received
- High-value transactions like property purchases or large investments
What Happens If You Ignore AIS or 26AS?
If your ITR doesn’t match the data available with the income tax department:
- You may get a notice asking for clarification
- Your refund may be delayed or withheld
- In serious cases, you may face penalties or scrutiny
Many taxpayers get caught off-guard because they relied only on Form 16. But AIS and 26AS go much deeper than just your salary — they reflect your entire financial footprint.
