AIS Mobile app: What you should know before using this Income Tax app for compliance and prefilling of returns?

The Income Tax Department has released an app for taxpayers (AIS for Taxpayers) to encourage tax compliance and enable seamless prefilling of returns. Download the app and set up your MPIN to view your Annual Information Statement.

Maximise tax compliance with the AIS app

At the forefront of the latest income tax news is the introduction of the Annual Information Statement (AIS) app by the Income Tax Department. It is important for taxpayers in India as it provides a summary of their financial transactions with various entities, such as banks, mutual funds, and insurance companies.

In this article, we will guide taxpayers on the process of registering and creating an MPIN to view their Annual Information Statement using the AIS mobile app.

Also ReadFollow these tax planning tips for maximum tax savings in 2023

Step 1: Download the AIS mobile app

The first step to accessing your AIS through the mobile app is to download the app from the Google Play Store or the Apple App Store. The app is called "AIS Viewer" and is free to download.

Step 2: Register on the AIS mobile app

Once the app is downloaded, you must register on the app by entering your PAN number and other details, such as your name, date of birth, and email address. The app will verify the details and send an OTP to the registered mobile number.

Step 3: Set up an MPIN

After registering on the app, you will be required to set up an MPIN to access your AIS. The MPIN is a 4-digit code that acts as a password to access the AIS on the app. The MPIN must be entered twice for confirmation.

Step 4: View the Annual Information Statement (AIS)

Once the MPIN is set up, you can access your AIS on the app by entering your PAN number and the MPIN. The app will display the AIS for the previous financial year.

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What is the significance of AIS?

The AIS or TIS (Taxpayer Information Summary) app provides a single-page view of your tax credit statement (Form 26AS). It also displays other taxes, such as advance tax, self-assessment tax, and refund. Users can report discrepancies, submit feedback or complaints and track their resolution status with the updated values displayed on the AIS Viewer app. This feature promotes tax compliance and enables seamless prefilling of returns. 

It is important to note that the AIS contains sensitive financial information, and you should take appropriate measures to secure your MPIN and mobile device. You should avoid sharing your MPIN with anyone and not store it on your mobile device. Moreover, use a secure lock screen and steer clear of using public Wi-Fi networks to access the app.

In addition to viewing your AIS, you can also download and save a PDF version of it from the app. This feature can be useful for record-keeping and tax-filing purposes. Depending on your income tax slab, you can fill in your tax details with one look at the AIS or reduce your tax liability with tax-friendly investment options. 

In a nutshell

The AIS mobile app is a step towards encouraging tax compliance and facilitating prefilling returns for Indian taxpayers. With just a few simple steps, taxpayers can view their complete tax information through the app, including their Annual Information Statement (AIS) and tax credit statement (Form 26AS). However, users must take appropriate measures to secure their MPIN and mobile device to protect their financial information.


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