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KNOWLEDGE & RESOURCES

Income Tax: AIS, TDS Credits, Refunds and Filing Guides

Prepare for income-tax filing by reconciling your books, AIS and tax credits. These guides explain the transition between FY 2025–26 / AY 2026–27 under the 1961 Act and tax year 2026–27 under the 2025 Act, with links to payment and compliance tools.

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Resources are educational. Verify current laws, notifications and requirements against official sources for your particular facts.

How should I reconcile tax statements before filing?

Use the correct statutory framework for the financial year or tax year under review. Older assessment years and Tax Year 2026–27 may use different form numbers, so distinguish the underlying records rather than replacing one term globally.

Common questions

What if my books and annual tax information do not agree?

Compare entries by payer, transaction date, amount and period. Identify omissions, incorrect reporting and timing differences before deciding what needs correction.

Is AIS always the same as the new Form 168?

Do not assume equivalence across all reporting functions or years. Use the form specified for the actual filing period.

What if my tax refund has not arrived?

Review processing status, outstanding demands, bank prevalidation and any mismatch or failure message on the official portal.

Can I use a new statutory form number for an older return?

Do not substitute a form simply because it has a newer label. Select the form and law relevant to the financial year or tax year being filed.

What record should support a TDS credit mismatch?

Keep deductor identity, statements or certificates, the relevant entries in your books and the period to which the income relates.

Practical example (fictional): Illustration: The same taxpayer might file an older assessment-year return using the 1961 Act terminology while making a current-year payment under newer rules. Check the period before using a form number.

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General information only. Check applicable law, official updates and the facts of your situation before acting.