Annual information statement
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 510(1) of Income Tax Act 2025
510(1) The prescribed income-tax authority or the person authorised by such authority, shall upload in the registered account of the assessee an annual information statement in such form and manner, within such time and along with such information, which is in the possession of an income-tax authority, as prescribed.
Section 510(2) of Income Tax Act 2025
510(2) In sub-section (1), “registered account” means the electronic filing account registered by the assessee in the web portal, as may be designated by the prescribed income-tax authority or the person authorised by such authority.
FAQs on Section 510 of Income Tax Act 2025
What is the Annual Information Statement (AIS) under Section 510?
The Annual Information Statement (AIS) is a document uploaded by the prescribed income-tax authority or its authorised person in the registered account of the assessee, containing specific information available with the income-tax authority, as prescribed.
Who is responsible for uploading the Annual Information Statement?
The prescribed income-tax authority or a person authorised by such authority is responsible for uploading the AIS.
Where is the Annual Information Statement uploaded?
The AIS is uploaded in the “registered account” of the assessee.
What does ‘registered account’ mean as per Section 510(2)?
A “registered account” refers to the electronic filing account registered by the assessee on the designated web portal, as notified by the prescribed income-tax authority or its authorised person.
What type of information is included in the Annual Information Statement?
The AIS includes such information that is available in the possession of an income-tax authority, as prescribed under the rules.
Is there a specific format and manner for uploading the AIS?
Yes, the AIS must be uploaded in a specific form and manner, within the time, and along with the information prescribed by the authorities.
From when is Section 510 applicable?
Section 510 is effective from 1st April, 2026.
Can the assessee access or download the AIS from their registered account?
Yes, the AIS is made available in the assessee’s registered account on the designated web portal, allowing them to access or download it.
What is the objective of providing the AIS to the assessee?
The objective is to ensure transparency by giving the assessee access to information that the income-tax authority holds about them.
Is the AIS a replacement for Form 26AS?
The Act does not explicitly mention any replacement. It only defines the AIS and its legal basis under Section 510.
Who designates the web portal for uploading the AIS?
The prescribed income-tax authority or a person authorised by such authority designates the web portal for uploading the AIS.
Is AIS information binding on the assessee for return filing?
The AIS serves as an informational document, and while it is a key reference, it does not by itself determine the tax liability.
