How to Read Form 26AS and AIS for Business Owners

Posted on March 30, 2026 by Fastlegal Team

1. Form 26AS

Shows TDS, TCS, and certain tax-related information.
Key checks:
All TDS credits appearing for your PAN.
Matching of TDS amounts with your books.

2. Annual Information Statement (AIS)

Wider data set than Form 26AS.
Includes:
High value transactions.
Securities trades.
Foreign remittances and other reportable items.

3. Using AIS/TIS in Return Filing

Reconcile turnover, interest, rent, commission, etc. with AIS/TIS.
Provide explanations or corrections where data is inaccurate.

4. Practical Workflow

Download Form 26AS and AIS every year before filing return.
Prepare a reconciliation sheet.
Use it to reduce chances of future notices.

Fastlegal Team

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