How do AIS and Form 26AS show your mutual fund transactions?

Your Annual Information Statement (AIS) and Form 26AS are pre-filled records the Income Tax Department holds about you. The AIS now includes mutual fund purchases, redemptions and dividends reported by the registrars, while Form 26AS focuses on tax deducted at source. Reconcile both against your own records before you file, because the tax computation should match them.

Key facts

The AIS lists reported mutual fund purchases, redemptions and dividends against your PAN.
Form 26AS shows tax deducted at source (TDS), including any on dividends or NRI redemptions.
Both are on the income-tax e-filing portal and are pre-filled into your return.
Reconcile them with your Consolidated Account Statement before filing; you can flag errors in the AIS.

What these statements are

The Income Tax Department already holds a picture of your financial year. Two places show it to you. The Annual Information Statement, or AIS, is the broad one: it lists reported income and transactions, and it now includes mutual fund purchases, redemptions and dividends that registrars report against your PAN. Form 26AS is narrower, centred on tax deducted at source.

Both sit on the e-filing portal and are pre-filled into your return.

Reconcile before you file

The reason to look is simple: your return should agree with these records, and where it does not, you want to know why first. Compare the AIS against your own Consolidated Account Statement. If a redemption is missing, duplicated, or misclassified, that is worth catching before you file, not after a notice.

The AIS is not always right. It can double-count a transaction or misread a switch. You can submit feedback on a specific entry, but your own statements remain the source of truth for cost and dates, which is why FIFO records matter.

Then report

Once reconciled, the figures flow into your ITR. If your AIS and your own records disagree and you cannot see why, talk to us and we will help you trace it.

Frequently asked questions

Does my mutual fund activity show up in the AIS?

Yes. The Annual Information Statement now captures mutual fund purchases, redemptions and dividends reported by the registrars against your PAN. It is one of the ways the department pre-fills and cross-checks your return.

What is the difference between AIS and Form 26AS?

Form 26AS focuses on tax deducted at source and certain high-value transactions. The AIS is broader, listing reported income and transactions including mutual fund activity. For mutual funds, the AIS is usually the more complete of the two.

What if the AIS is wrong?

You can submit feedback on a specific entry in the AIS, for example if a transaction is duplicated or misclassified. Reconcile it against your Consolidated Account Statement, and keep your own records, which remain the basis for the correct figure.

This is general information, not a recommendation for your situation. If it would help to talk it through, we are happy to. Talk to Nico Wealth.

The information on this website is general and educational. It is not financial, tax, or legal advice, and not a recommendation for your situation. We try to keep it accurate and up to date, but it may contain errors or become outdated. Please verify important details from official sources, and consider your own circumstances, before acting.

Sources

Last verified: 2026-08-11

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