AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?

| Last updated: 23 July 2026

Save Share

Quick Summary

The Annual Information Statement (AIS) provides a summary of your financial transactions, but not every entry is taxable. You must report taxable transactions in your Income Tax Return (ITR), even if they don't appear on your AIS. Conversely, some transactions listed on the AIS, like purchasing shares or receiving gifts from relatives, are not taxable and can be skipped. It's crucial to carefully review your AIS and other financial records before filing your ITR to ensure accuracy and avoid potential penalties.

Overview Every year, many taxpayers file their ITR solely from their Annual Information Statement but every entry in AIS may not be taxable. Similarly, several taxable transactions may not appear in AIS but you may still need to report in your ITR. What is AIS? AIS most commonly refers to the Annual Information Statement is an financial summary available on the Income Tax portal that contains information about your financial transactions, including: Salary Interest income Dividend TDS

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience.

11359 Views 1 Likes Comment Share Income Tax Report

About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

View Articles

Comments :