Budget-friendly AIS & TIS — annual information statement in India

AIS & TIS — who files it, when it is due, what late filing costs, and what we charge to prepare it. India (Income Tax Department). Budget-friendly AIS & TIS with a fixed fee agreed in writing before any work starts. Call the 24-hour helpline on +1 (416) 619-0068, or request a written quote today.

  • 15+Years of cross-border experience
  • 18,000+Clients served
  • 5.0Google rating
  • 4Global offices — India, USA, Canada & UAE

Secure a fixed quote

Begin with the papers you already have. The engagement is priced from them, in writing, before the work.

24-hour helpline: +1 (416) 619-0068
  • Fixed fee agreed before work starts
  • Offices in India, the USA, Canada and the UAE
  • Google rating 5.0 out of 5
In 60 words

AIS & TIS is an information return: The annual information statement and its summary, showing what third parties reported about a taxpayer. Indian filers, including NRIs whose Indian bank, broker and property transactions are reported automatically.

Who has to deal with this

Indian filers, including NRIs whose Indian bank, broker and property transactions are reported automatically.

The question below is the one that actually determines the outcome. It is the department's view of the taxpayer, assembled from banks, registrars and brokers. A return that contradicts it draws an enquiry, so the reconciliation belongs before filing rather than after a notice.

The team at work in the open-plan office

What ais & tis India costs here

The work on an AIS and TIS reconciliation is measured in reported entries, not in pages: a salary line and one bank account reconcile quickly, while an NRI file with several brokers, rental receipts and a property registration takes longer to trace back to source. The fee is agreed in writing before it starts.

NRI Indian return (ITR-2) — fixed-fee price

From $349

fixed, quoted before work starts

The Indian return on India's own year, reconciled against the department's information statement, with treaty relief and the deduction-at-source credits properly claimed.
See the full fee page

India–Canada dual filing (ITR + T1) — India desk price

From $349

fixed, quoted before work starts

Both returns as one engagement across two mismatched fiscal years, with the Indian deduction at source reconciled and the Canadian credit claimed where it is usable.
See the full fee page

Individual tax filing

From $349

fixed, quoted before work starts

One engagement for a personal return that touches more than one country: the income, the assets held abroad and the relief claimed against them.
See the fee schedule

Foreign asset & information reporting

From $349

fixed, quoted before work starts

Disclosure of assets and interests held abroad, built once from a single asset list and filed on every side that asks for it.
See the fee schedule

Non-resident & departure filings

From $349

fixed, quoted before work starts

For anyone taxed by a country they do not live in — rent, pensions and investment income reaching across a border after the move.
See the fee schedule

Estate & trust filing

From $799

fixed, quoted before work starts

Cross-border estates and trusts, from the reporting on the assets to the returns the beneficiaries then have to file.
See the fee schedule

Corporate cross-border filing

From $999

fixed, quoted before work starts

Corporate compliance for a group that trades or holds assets in more than one country, prepared on both sides together.
See the fee schedule

Catch-up & voluntary disclosure

From $349

fixed, quoted before work starts

For a filing history that stopped — the penalty position assessed first, then the years filed in the order that protects it.
See the fee schedule

All published fees on one page — the complete list of what each engagement costs, stated as figures rather than ranges.

What the reporting test actually looks at

What decides whether AIS & TIS applies
What the test looks atWhere the figure comes from
The obligationThe annual information statement and its summary, showing what third parties reported about a taxpayer.
Who it bindsIndian filers, including NRIs whose Indian bank, broker and property transactions are reported automatically.
Jurisdiction and authorityIndia — Income Tax Department
Category of filingInformation return

When it is due

Information returns are generally due with — or on the same timetable as — the return they accompany, so the deadline is the filing deadline of the underlying return unless the rules set a separate date. Where an extension covers the return, confirm whether it also covers this form; several information returns keep their own date. Where an extension is available we tell you what it does and does not cover, because the two are frequently confused.

What late or missed filing costs

The penalty on an information return is charged per form and per year, and it does not depend on tax being owed. That is the whole risk profile: a filer with no tax to pay can still accumulate a substantial liability across unfiled years, and the exposure compounds with each additional entity or account that should have been reported. None of that is unusual, and none of it is unfixable. It is, however, cheaper to address before an authority raises it.

Worked through with figures

Here is the rule doing its work on an actual set of amounts.

Deduction on the price against tax on the gain

An NRI sells Indian property for ₹30,200,000 with an indexed cost of ₹16,610,000. Assume the buyer must deduct at 17% of the consideration, and assume tax on the gain at 21%.

Deduction on the price against tax on the gain
ItemAmount
Sale consideration₹30,200,000
Cost taken into account₹16,610,000
Gain actually arising₹13,590,000
Deduction on the consideration (assumed 17%)₹5,134,000
Tax on the gain (assumed 21%)₹2,853,900
Cash held back beyond the real tax₹2,280,100

₹2,280,100 more is deducted than the transaction actually owes. A lower-deduction certificate obtained before closing is what releases it at the table; without one it sits with the department until a return recovers it. That is an illustration of the mechanism, not a prediction about your file — the same computation on your figures is the first thing we do.

Treat these numbers as a worked example rather than advice — they exist to make the mechanics visible, and the rates and thresholds are assumed for the illustration. For a real filing, we verify each figure with the authority that publishes it, for your year.

How we prepare and file it, and what it costs

We quote AIS & TIS before we start, as part of the return set it belongs to rather than as a line item you discover afterwards. If the work turns out to be smaller than the quote, the quote is what you pay; if it turns out to be larger, we re-quote before continuing. See the Indian company paying a foreign consultant for comparable engagements.

How we handle it

  1. 1Establish whether the reporting test is met, on the correct measure
  2. 2Assemble the holdings, accounts or entities that fall inside it
  3. 3Prepare the return and reconcile it to the tax return it travels with
  4. 4File, and set the calendar entry so next year is not a catch-up
  • Fixed fees agreed before any work starts, so the number in the quote is the number on the invoice.
  • 18,000+ clients served across 4 global offices: India, the USA, Canada and the UAE.
  • Every statutory figure in your file is verified for your own year at source.

One call is usually enough to know whether this is a filing or a project.

Checked and signed off for the 2025 and 2026 filing seasons by Udit Gupta, Cross-Border Tax Expert, Legal Quotient Consultants. Written as general guidance, not as a recommendation for your situation. Talk it through with us before acting on it.

Where tax statement comes into this file

Most readers of this page are looking for tax statement. What follows sets out how it works for AIS & TIS: who is caught by it, what has to be filed, and what the work costs, agreed before it begins.

People also search for: luxembourg tax · amount tax · foreign assets disclosure · what if i have a foreign bank account · disclose foreign bank accounts.

It is the department's view of the taxpayer, assembled from banks, registrars and brokers.

From first contact to filed return

  1. Upload the file as it stands

    A secure link arrives after the first call. Incomplete is fine; that is what the review is for.

  2. The number is settled up front

    Priced from your own documents and confirmed in writing before any preparation begins.

  3. Both returns on one desk

    One engagement covers every country the file touches, reconciled line against line.

  4. Your approval, then the filing

    The return is yours to check first. We file once you say so.

The difference a dedicated cross-border team makes

Factor Legal Quotient Hourly billing model
Pricing A fixed fee, agreed in writing before work starts Hourly, billed as incurred
Experience 15+ years of cross-border work, 18,000+ clients Varies by file
Both sides of the border Prepared together by one team, so relief is claimed exactly once One country at a time, reconciled later
Who reviews it A named practitioner, published on the page Whoever the queue reaches
Where the work happens Our offices in India, the USA, Canada and the UAE Whichever single office you can travel to

Key terms behind this page, defined

Preparatory or auxiliary
The carve-out that keeps genuinely supporting activity from creating a permanent establishment. It is narrow, and it is tested on what is actually done.
Estate tax treaty relief
Credits and marital mechanisms in an estate tax treaty that reduce a non-resident's exposure, pro-rated by the ratio of situs assets to the worldwide estate.
Grossing up
Restating a net-of-tax amount to its pre-tax equivalent, needed whenever a foreign payment arrived after withholding and the credit is claimed on the gross figure.
Subpart F income
Categories of a controlled foreign corporation's income taxed currently to its US shareholders, regardless of distribution.
ais & tis India: The practitioner's note

It is the department's view of the taxpayer, assembled from banks, registrars and brokers.

Complexity changes the work, not the deal: the written fee and scope come first, a named practitioner signs off, and the filing follows your approval of the delivered file.

Fixed fees around ais & tis India

Two other things move the price: how many years of the annual information statement have to be checked rather than one, and whether the mismatch is still yours to correct or has already drawn an enquiry that must be answered. Both are read first and quoted in writing.

Foreign asset & information reporting

$349fixed, before work starts

Covers: Foreign holdings mapped once — accounts, real property, shareholdings — then reported to each authority in the form it requires.

See this fee page

Non-resident & departure filings

$349fixed, before work starts

Covers: The filings that follow a move: the departure year, the arrival year, and the income that keeps arriving from the country behind you.

See this fee page

The difference a dedicated cross-border team makes

The order of filing is planned, not improvised

Which return goes first decides whether relief can be claimed at all. That sequence is worked out before anything is submitted.

18,000+ clients served

Individuals, expats and corporations across India, the USA, Canada and the UAE have filed with us — 15+ years of cross-border work.

A named reviewer on every file

Every page on this site and every file we deliver says which practitioner reviewed it — a person, not a team inbox.

The fee is fixed before we start

Quoted from your documents and agreed in writing. The number you accept is the number you pay.

Two of the firm’s advisers at the glass desk in the Delhi office

From first call to filed return

Step 1

Establishing the facts

We establish what happened and when, because every position here is anchored to a date

Step 2

Agreeing the fee

A written scope and a fixed price, so you know the cost before committing

Step 3

Drafting and review

The filings are prepared, cross-checked against each other, and reviewed by name

Step 4

Filing and follow-up

You see the result, approve it, and we file it

The team reviewing a file together at a desk

The engagement, start to finish

  • Step 1: Documents first, questions second – We read the file before asking anything, so the questions we do ask are the ones that matter.
  • Step 2: A quote you can hold us to – Fixed in writing against a defined scope. No hourly meter, and no revision after the fact.
  • Step 3: The order of filing decided deliberately – Which return goes first can decide whether relief is available at all. That is planned, not discovered.
  • Step 4: Nothing filed without your sign-off – You see the completed work, ask what you need to, and approve it before submission.

Quoted up front, in writing.

Contact Us 24-hour helpline +1 (416) 619-0068

The rest of this practice

Each of these carries its own guide, pricing pointers and FAQ.

The work we do for clients like this

Form 67 — foreign tax credit claim (India) Its own page: form 67 India — mechanism, deadlines and published fees.
Local resident director services in Canada Everything on resident director services Canada, at the same depth as this page.
Form 3CEAB — master file intimation (India) Form 3ceab India — the guide, the FAQ and the fixed fee.
Safe harbour rules for Indian TP The full guide to safe harbour rules for Indian tp, with the fee fixed before any work starts.
Treaty residency tie-breaker (Article IV) Its own page: treaty residency tie-breaker article iv — mechanism, deadlines and published fees.
Reporting crypto on T1135 Everything on reporting crypto on T1135, at the same depth as this page.
Form 8840 — closer connection (snowbirds) Form 8840 closer connection — the guide, the FAQ and the fixed fee.
India ↔ UAE — DTAA The full guide to India ↔ UAE — DTAA, with the fee fixed before any work starts.
Secondment agreements and reimbursement Its own page: secondment agreements and reimbursement — mechanism, deadlines and published fees.

Who we bring this work to

Tax for software developers Its own page: software developers tax — mechanism, deadlines and published fees.
Technology & SaaS — what you owe in each country Everything on technology & saas what you owe in each country, at the same depth as this page.
Professional services firms cross-border tax Professional services firms cross border tax — the guide, the FAQ and the fixed fee.
Professors & lecturers — your filing calendar The full guide to professors & lecturers your filing calendar, with the fee fixed before any work starts.
Media & production companies cross-border tax Its own page: media & production companies cross border tax — mechanism, deadlines and published fees.
Business owners & founders cross-border tax Everything on business owners & founders cross border tax, at the same depth as this page.
Tax for influencers & content creators Influencers & content creators tax — the guide, the FAQ and the fixed fee.
Non-resident landlords — what you owe in each country The full guide to non-resident landlords what you owe in each country, with the fee fixed before any work starts.
Touring musicians — your filing calendar Its own page: touring musicians your filing calendar — mechanism, deadlines and published fees.

The corridors we work every week

New Zealand tax for expats — country guide Its own page: New Zealand tax for expats — mechanism, deadlines and published fees.
Canada–United Kingdom tax corridor Everything on Canada United Kingdom tax, at the same depth as this page.
Czechia tax for expats — country guide Czechia tax for expats — the guide, the FAQ and the fixed fee.
Argentina tax for expats — country guide The full guide to Argentina tax for expats, with the fee fixed before any work starts.
Malaysia tax for expats — country guide Its own page: Malaysia tax for expats — mechanism, deadlines and published fees.
Tunisia tax for expats — country guide Everything on tunisia tax for expats, at the same depth as this page.
Ecuador tax for expats — country guide Ecuador tax for expats — the guide, the FAQ and the fixed fee.
Kenya tax for expats — country guide The full guide to Kenya tax for expats, with the fee fixed before any work starts.
Luxembourg tax for expats — country guide Its own page: Luxembourg tax for expats — mechanism, deadlines and published fees.

The people on your file

Five named practitioners, each with the part of a cross-border file they carry. Every page on this site says who reviewed it, and the reviewer is one of these people rather than an unnamed team.

Udit Gupta

Udit Gupta

Cross-Border Tax Expert

CA (ICAI), In-Depth Tax Trained

Reviews and signs off the practice's cross-border positions, and carries final responsibility for the treaty analysis on every file that leaves the office.

Abhinav Gupta

Abhinav Gupta

Canada Tax / International Tax

Canada Tax, International Tax, Cross-Border Tax, Transfer Pricing

Canadian returns with foreign income, non-resident filings, and the transfer-pricing documentation that runs alongside intercompany work.

Raghav Gupta

Raghav Gupta

International Tax

International Tax, Transfer Pricing Specialist

Benchmarking, method selection and the local-file and master-file sets that support a group's pricing policy under examination.

Anmol Mittal

Anmol Mittal

Canada and US tax

CPA Canada, CPA USA, CA (ICAI)

Files that have to be right on both sides of the border at once — dual filings, streamlined catch-ups, and the foreign tax credit reconciliation between them.

Vinayak Indolia

Vinayak Indolia

CFO advisory

CPA, CA. Fractional CFO and Senior Advisory Specialist

Groups that need the tax position and the finance function to agree: structure reviews, intercompany policy, and the reporting a board can act on.

Meet the whole team

Cross-border situations we are engaged for

Case study 1

Indian Rent Collected While Resident Somewhere Else

Rent from Indian property is taxed in India and again where you live, with relief on one side only. The file gets the Indian deduction right first, then claims the credit on the home return against what was actually paid.

Read how this one runs
Case study 2

A US Filer Married to Someone Outside the System

Electing to treat a non-resident spouse as a US filer buys joint rates and brings that spouse's worldwide income and foreign accounts into the return. The election is easy to make and hard to revoke, so both positions are modelled first.

Read how this one runs
Case study 3

A Second Opinion on a Return Already Filed

A cross-border return prepared on one side only is usually right in isolation and wrong in combination. The review checks residence, source and relief in that order, and says plainly whether an amendment is worth making.

Read how this one runs
Case study 4

A Canadian Employer With Staff in the United States

Employing someone in the US creates federal and state obligations that begin with registration, not with the first return. Which states are engaged is decided by where the work happens rather than where the company is.

Read how this one runs
Case study 5

An NRI Selling Indian Property With Tax Withheld on the Price

Withholding on a sale by a non-resident is applied to the sale value rather than to the gain, so it routinely exceeds the tax due. A lower-deduction certificate obtained before completion avoids locking the difference up until a return is assessed.

Read how this one runs
Case study 6

A Retirement Plan That Grows Tax-Deferred in Only One Country

Cross-border retirement accounts are recognised by treaty, but the deferral usually has to be elected rather than assumed. The engagement checks whether the election was made, makes it where it was missed, and reports the account on whichever side requires it.

Read how this one runs
Case study 7

Indian Transfer Pricing Certification With a Hard Deadline

An Indian entity with international related-party transactions needs an accountant's report filed by a date of its own, ahead of the return. The work is reconciling the transactions to the books first, because the report is only as defensible as that reconciliation.

Read how this one runs
Case study 8

A Shareholder Loan Across a Border at No Interest

An interest-free loan between related companies is priced as if it carried interest, and in some cases a deemed benefit follows as well. The file sets a rate against the borrower's own credit profile and documents the terms that support it.

Read how this one runs

All case studies — every published engagement in one place.

Core International & Cross-Border Tax Services

International Tax Planning & Advisory

Strategy and compliance for income, assets and families spread across borders.

One coordinating team: filings on every side of the border are sequenced so treaty relief and foreign tax credits are claimed once — and in the right country.

U.S. & Cross-Border Tax Returns

Dual filers: U.S. citizens in Canada and Canadians with U.S. income run two parallel systems — we prepare both, in the right order, every year.

Expat & Emigration Tax

The move year is its own project: the elections and valuations filed that year decide the next decade of both countries’ returns.

Non-Resident Canadian Tax

Default withholding is 25% of gross: elective returns routinely turn over-withheld rent and pensions into refunds.

Transfer Pricing & BEPS

Documentation prepared with the return is the cheapest insurance in international tax; reconstructing it during an audit is the most expensive.

Cross-Border Estates & Trusts

Wills drafted for one country routinely misfire in the other — deemed disposition here, estate tax there, credits in between.

Cross-Border Corporate Tax

Expansion raises the same four questions every time — entity, PE, repatriation, payroll. We answer them before the tax authorities do.

India Tax for NRIs & Returning Residents

The deduction is taken on the sale price, not the gain — which is why an NRI property sale strands cash unless the certificate is applied for before closing.

Canadian Tax with a Foreign Element

Residency is decided on facts, not on a form — and the year you arrive or leave is the one where the largest amounts turn on the smallest details.

UAE Tax for Expats & Their Home Country

A zero-tax country is only half the answer — the question that decides the bill is whether the country you came from still treats you as resident.

Industries & Client Types We Serve Worldwide

Global E-commerce & Marketplaces
Technology & SaaS
Professional Services Firms
Cross-Border Real Estate
Importers, Exporters & Manufacturers
Athletes, Artists & Entertainers
Remote Workers & Digital Nomads
Investment Funds & Holding Companies

Global E-commerce & Marketplaces

  • Foreign VAT / GST / sales tax registrations
  • Marketplace withholding reviews
  • Inventory nexus & PE analysis
  • Multi-currency books reconciled
Explore E-commerce & Marketplaces

Technology & SaaS

  • Cross-border revenue sourcing & withholding
  • IP structuring with real substance
  • Equity for cross-border teams
  • U.S. expansion: entity & PE setup
Explore Technology & SaaS

Cross-Border Real Estate

Foreign property income and sales are taxed in both countries by default; Section 216, FIRPTA and treaty credits are the standing toolkit.

Property is taxed where it sits, which is the one rule no treaty overrides. What the treaty does decide is the credit, the rate on the rent and what happens on the sale — and the clearance certificate on a disposition is applied for before closing, not after the buyer has already held the money back.

  • Section 216 rental returns
  • FIRPTA withholding recovery
  • Section 116 clearance
  • Treaty credit optimization
Explore Real Estate

Importers, Exporters & Manufacturers

  • Transfer pricing documentation (s.247)
  • Customs value vs transfer price
  • Foreign affiliate reporting (T1134)
  • Country-by-country reporting
Explore Trade & Manufacturing

Athletes, Artists & Entertainers

  • Reg 105 & U.S. CWA agreements
  • Multi-state & country calendars
  • Touring income allocation
  • Royalty & image-rights withholding
Explore Athletes & Entertainers

Remote Workers & Digital Nomads

  • Residency analysis before moving
  • Employer payroll exposure
  • Totalization & social security
  • Foreign tax credits
Explore Remote Workers

Investment Funds & Holding Companies

  • Treaty access & PPT reviews
  • FAPI & surplus computations
  • Withholding-efficient routing
  • Governance & substance
Explore Funds & Holdcos

AIS & TIS — questions we are asked

Do I file AIS & TIS even if no tax is owed?

Information return obligations of this kind are generally required on the facts rather than on the tax result, so a nil position does not remove one. Indian filers, including NRIs whose Indian bank, broker and property transactions are reported automatically.

What happens if I have missed AIS & TIS for several years?

Missed years are dealt with as a package rather than one at a time, because the route chosen for the first year affects the relief available for the rest. We map the years and the obligations before anything is filed.

Is AIS & TIS the same as the other reports I already file?

No. The annual information statement and its summary, showing what third parties reported about a taxpayer. Satisfying a different obligation, even one covering the same accounts or entity, does nothing for this one.

What is the Liberalised Remittance Scheme?

The Reserve Bank of India framework under which a resident individual may remit up to an annual ceiling for permitted purposes — education, medical treatment, travel, maintenance of relatives, investment in shares or property abroad — with gifts and loans to non-residents inside the same ceiling. You declare the purpose to the bank on Form A2. The ceiling and the excluded purposes are set by the RBI and have changed more than once, so the figure to work from is the one current at the date of the transfer. See Form A2 and LRS remittances.

What is Schedule FA and who has to complete it?

It is the foreign asset disclosure in an Indian return, and the trigger is residential status rather than income: a resident discloses foreign bank accounts, custodial and equity holdings, foreign life insurance with a cash value, immovable property and other assets held at any time in the year, plus any beneficial interest. A non-resident does not. The obligation is disclosure-based, so it applies to an account that earned nothing, and the penalties under the black-money legislation are what make it worth getting right. See Schedule FA reporting.

What is TCS on foreign remittance?

Tax collected at source. When a resident individual remits money abroad under the Liberalised Remittance Scheme — or buys an overseas tour package — the bank or seller collects an amount of tax on top and deposits it against your PAN. It is not a cost and it is not a final tax: it appears in your annual tax statement and is set off against the tax on your return, with the excess refunded. The rates and the purposes they attach to have been amended repeatedly, so we confirm them for the remittance year. See LRS limits and TCS.

24-hour helpline: +1 (416) 619-0068

Talk to us about AIS & TIS

We scope it on a call, quote it in writing, and you see the result before anything is filed.

  • Re-quoted, never silently invoiced
  • Fixed fees agreed before work starts
  • Your existing accountant keeps the domestic file

Our practitioners are alumni of leading accounting and tax institutions

Where our partners studied — CPA Canada (In-Depth Tax Program), AICPA, the Institute of Chartered Accountants of India and the Malaysian Institute of Accountants.

Request a Quote +1 (416) 619-0068