What is Form 26AS, AIS and TIS in income tax? 8 things every taxpayer must know

In the AIS, the PAN identifies taxpayer records, while the masked Aadhaar ensures privacy. Essential details like the taxpayer’s name, date of birth, contact information, and address are crucial for identity verification and data linkage. The AIS displays tax deducted at source (TDS/TCS) and significant financial transactions, including mutual fund investments, credit card spending, and stock shares. It also covers advance and self-assessment tax payments, tax demands, refunds, and other key information such as salary income, foreign remittances, and accrued interest.