26AS
Contents
Gone are the days, when one used to manually download the Form 26AS for ITR filing. But now, you can directly import the Form 26AS information, while filing Income Tax Return. In this article, we will discuss Form 26AS.
The Form 26AS and your Tax Credit Statement is basically an important document for tax filing that includes:
The Part A of Form 26AS contains the details of TDS deducted on your salary, interest income, pension income, and prize winnings etc. Besides, TAN of the deductor and the amount of TDS deducted and deposited are also mentioned. Please, note that this information is provided on a quarterly basis.
It contains the details of income where no TDS has been deducted is given since the taxpayer submitted Form 15G or Form 15H. Later on, you can verify the status of TDS deduction if you have submitted Form 15G or Form 15H. In case of failure of submission of Form 15G or Form 15H, this section will display ‘No transactions present’.
It is applicable only if you have sold the property during the year and TDS was deducted from your receipts. Here, you can find the relevant entries here.
Part B of a Form 26AS has the details of the tax collected at source (TCS) by the seller of goods. Here are the entries presented, if you are a seller and tax is collected by you.
When you deposit any tax on your own then that information will appear here. Advance tax details and self-assessment tax are present here. Apart from this, it also contains the details of the challan through which the tax was deposited.
If there is any information regarding your refund, then it will be presented in this section. Moreover, the assessment year to which the refund pertains, along with a mode of payment, an amount paid and interest paid and also the date of payment is mentioned.
The financial institutions and banks must report high-value transactions to the tax authorities. Here, the mutual fund purchases of high value, property purchases, high-value corporate bonds are all reported.
When you bought a property, you have to deduct TDS before making payment to the seller. The same section has details of TDS deducted and deposited by you.
Here, defaults related to the processing of statements are mentioned. However, they do not include demands raised by assessing officer.
You can download Form 26AS on the TRACES website or via Net banking facility of authorized banks. Following are the steps to be followed:
STEP 1.
Visit the website: https://incometaxindiaefiling.gov.in and Login by using your income tax department login ID and password. If you are not having any account, then you will need to register first.
STEP 2.
a.) Provide your PAN number, password, and date of birth/date of incorporation in DD/MM/YYYY format. At last, enter the captcha code. Then, click on LOGIN.
b.) Text the PAN e filing website.
STEP 3.
a.) You will then see the following screen. Now, go to ‘My Account’ and give a click on ‘View Form 26AS’ in the drop-down.
b.) You can view Form 26AS here.
STEP 4.
a.) Give a click on ‘Confirm’ so that you are redirected to the TRACES website.
b.) TRACES Website
STEP 5.
a.) Now, you will find yourself in TRACES (TDS-CPC) website. Choose the box on the screen and click on ‘Proceed’.
b.) TRACES TDS-CPC Website.
STEP 6.
a.) Now, click on the link at the bottom of the page – ‘Click View Tax Credit (Form 26AS) to view your Form 26AS’.
b.) Then, view Tax Credit Traces
STEP 7.
a.) Select the Assessment Year and the format in which you want to see the Form 26-AS. You can leave the Format as HTML if you want to see it online. You can also download it in a PDF format. Now, provide enter the ‘Verification Code’ and click on ‘View/Download’.
b.) TRACES Verification code
STEP 8.
Enter a password to open the document. The password of Form 26AS is your DOB in DDMMYYY format. Your Income Tax Form 26AS will open.
First of all, login or register on the official website. Once you enter your PAN number, the website will tell you if you’re already registered or you’ve e-Filed before. The more chances are that you might already be registered. Now, search your email inbox for “incometaxindiaefiling.gov.in” to look for information that might be useful If you remember your password, login.
Important Note: Your PAN number is your User ID. In case, you forget your password, you need to Reset your password. If you are unable to reset the password with any of the three options provided, please send an email to – validate@incometaxindia.gov.in with the following details:
Now, you can upload your Form 26AS here:
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