what to do with AIR in 26AS?
This query is : Resolved
23 February 2018
Part E of my 26AS shows an amount of Rs 195000/- with type of transaction as 005-Acquiring shares >=100000/- and remark column is blank. Is there any thing to do with it in my ITR form. I am filing ITR 2 for A.Y. 2016-17. Kindly suggest as soon possible.
23 February 2018
1. If you have taxable income, file return on or before 31-3-2018, or
2. Log in to the e-filing portal at https://incometaxindiaefiling.gov.in, visit' compliance' menu wherein if you are able to view the details of the transactions, reply online
choosing the appropriate answer from the drop in menu.
2. Log in to the e-filing portal at https://incometaxindiaefiling.gov.in, visit' compliance' menu wherein if you are able to view the details of the transactions, reply online
choosing the appropriate answer from the drop in menu.
26 February 2018
no compliance shown there
03 August 2025
Here’s what you should do regarding the AIR (Annual Information Return) entry showing in Part E of your Form 26AS:
What is this AIR entry?
The Rs. 1,95,000 under transaction type 005 - Acquiring shares >= 1,00,000 means the bank or financial institution has reported your purchase of shares exceeding Rs. 1 lakh to the Income Tax Department.
This is just an information report to track high-value financial transactions, not a tax demand.
What should you do?
Check if the transaction matches your records:
Confirm you did purchase shares worth Rs. 1.95 lakhs or more during the year.
Ensure the amount is correctly reflected.
Does it affect your ITR?
If you declared the income and/or capital gains from the sale of these shares correctly in your ITR, no additional action is needed.
If you didn’t declare such income, then you may have to declare the capital gains or other income arising from those shares in your ITR.
Filing your ITR:
File your ITR (ITR-2 in your case) correctly showing all your income, including capital gains or any income from shares.
The AIR entry itself does not require any separate compliance in your return; it’s just for the department’s tracking.
If there is no compliance shown on the e-filing portal:
You don’t need to respond or take any special action just because this entry appears in Part E.
Just ensure your ITR is accurate and complete.
Summary:
AIR entries like this are informational.
Reconcile this entry with your own financial records.
Declare related income properly in your ITR.
No separate or additional compliance is generally required.
File your ITR before due date with correct data.
What is this AIR entry?
The Rs. 1,95,000 under transaction type 005 - Acquiring shares >= 1,00,000 means the bank or financial institution has reported your purchase of shares exceeding Rs. 1 lakh to the Income Tax Department.
This is just an information report to track high-value financial transactions, not a tax demand.
What should you do?
Check if the transaction matches your records:
Confirm you did purchase shares worth Rs. 1.95 lakhs or more during the year.
Ensure the amount is correctly reflected.
Does it affect your ITR?
If you declared the income and/or capital gains from the sale of these shares correctly in your ITR, no additional action is needed.
If you didn’t declare such income, then you may have to declare the capital gains or other income arising from those shares in your ITR.
Filing your ITR:
File your ITR (ITR-2 in your case) correctly showing all your income, including capital gains or any income from shares.
The AIR entry itself does not require any separate compliance in your return; it’s just for the department’s tracking.
If there is no compliance shown on the e-filing portal:
You don’t need to respond or take any special action just because this entry appears in Part E.
Just ensure your ITR is accurate and complete.
Summary:
AIR entries like this are informational.
Reconcile this entry with your own financial records.
Declare related income properly in your ITR.
No separate or additional compliance is generally required.
File your ITR before due date with correct data.
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