The Annual Information Statement (AIS) summarises financial information reported about you. When it does not match your own records, it can feel concerning, but it is usually manageable.
Why mismatches happen
- Interest or income reported under a slightly different figure.
- Transactions reported by a bank or institution that you recorded differently.
- Timing differences across the financial year.
- Duplicate or incorrectly tagged entries.
How it is handled
The figures are reconciled before filing so the return reflects the correct position. Where an entry in the AIS is genuinely incorrect, there is a process to flag it.
The key point: a mismatch is a reconciliation task, not automatically a problem. Reviewing it before filing keeps your return clean.