Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningStatements showing tax credits and financial transactions reported against your PAN.
Relevant ActIncome-tax Rules, 1962
Section / ruleRule 31AB, Rule 114-I
Technical meaning
Annual tax credit statement (Form 26AS) and Annual Information Statement (AIS) under Rule 114-I, showing TDS, TCS, tax paid and specified financial transactions.
Practical example
Check AIS before filing to make sure all interest income is reported.
Related terms
- TDS
Official reference
Income-tax Rules, 1962, Rule 31AB, Rule 114-I
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