CHECK TAX CREDIT IN 26AS BEFORE FILING THE IT RETURN

Tax Alert India
0
Taxpayers are advised to verify the tax credits available in 26AS statement before filing the Income Tax Return. It will facilitate faster processing and quick refunds. In order to avoid the TDS mismatch i.e if your claim of TDS is higher than the tax credits available in 26AS statement, please contact the Deductor for filing of the correction TDS statement.

Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains
  • Details of tax deducted on behalf of the taxpayer by deductors
  • Details of tax collected on behalf of the taxpayer by collectors
  • Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders)
  • Details of paid refund received during the financial year
  • Details of the High value Transactions in respect of shares, mutual fund etc.
The Tax Credit Statement (Form 26AS) are generated wherein valid PAN has been reported in the TDS statements.
Tax Credits Statement (Form 26AS) can be viewed/accessed through 3 ways :
1. View Tax Credit from https://incometaxindiaefiling.gov.in
Taxpayers who are registered at the above potal viz. https://incometaxindiaefiling.gov.in can view 26AS by clicking on 'View Tax Credit Statement (From 26AS)' in "My Account". The facility is available free of cost.

For "New Registration", Click on 'Register' on the portal. The registration process is user-friendly and takes minimal time. View Demo
2. View Tax Credit (Form 26AS) from bank site through net banking facility
The facility is available to a PAN holder having net banking account with any of authorized banks. View of Tax Credit Statement (Form 26AS) is available only if the PAN is mapped to that particular account. The facility is available for free of cost. View DemoList of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below
      1. Axis Bank Limited
      2. Bank of India
      3. Bank of Maharashtra
      4. Citibank N.A.
      5. Corporation Bank
      6. ICICI Bank Limited
      7. IDBI Bank Limited
      8. Indian Overseas Bank
      9. Indian Bank
      10. Kotak Mahindra Bank Limited
      11. Oriental Bank of Commerce
      12. State Bank of India
      13. State Bank of Mysore
      14. State Bank of Travancore
      15. The Federal Bank Limited
      16. UCO Bank
      17. Union Bank of India
      18. Bank of Baroda
      19. Karnataka Bank
      20. The Saraswat Co-operative Bank Limited
      21. City Union Bank Limited
      22. State Bank of Patiala
3. View Tax Credit (Form 26AS) from TIN website
The facility is available to PANs that are registered with Tax Information Network for view of 26AS statement. The PAN holder has to fill up an online Registration form for such purpose. Thereafter, verification of PAN holder's identity is done by the TIN-Facilitation Centre personnel either at PAN holder's address or at the TIN-facilitation center that has been chosen by the PAN holder. The verification involves a cost at prescribed rates. Once authorised, the PAN holder can view Tax Credit Statement online.
Tags-how to see 26as statement,26as statement,how to see tax credit,how to see income tax credit,income tax refund statement,form 26as,procedure to see 26as statement,how to see 26as statement,procedure to see tax credit against my name
Tags

Post a Comment

0Comments
Post a Comment (0)