A business example
A proprietor sees the same apparent interest amount twice while comparing AIS with bank records.
Reported information
AIS contains two entries that appear to relate to one deposit.
Independent evidence
Bank statements and certificates identify what was actually earned.
Resolution
The proprietor investigates reporting differences and preserves any feedback and filing basis.
What this shows
Neither blindly adding both entries nor ignoring AIS resolves the mismatch. The underlying transaction evidence determines the next step.
What it is often confused with
AIS is an information source, not a substitute for complete books or a conclusion that every entry is correct.
What to look at in your business
Investigate duplicates and discrepancies and retain the evidence behind any feedback.
Context and further reading
Income Tax Department: Annual Information Statement FAQ. This reference supports the terminology; use the linked guide for applicability and operative requirements.
Kosha.Services · Updated 2 October 2026