Are You Filing ITR? Know What Is Form 26AS And Online Steps To Get Tax Credit Statement

Income Tax Return: Form 26AS is a consolidated tax credit score assertion that incorporates particulars of all of the taxes deducted or collected on behalf of a taxpayer by deductors or collectors and deposited with the federal government. It contains particulars of tax deducted at supply (TDS), tax collected at supply (TCS), advance tax, self-assessment tax, and different tax funds.

It is a vital doc for taxpayers because it helps them in submitting their earnings tax returns accurately and ensures that they obtain credit score for the taxes paid. Taxpayers can view and obtain their Form 26AS from the earnings tax e-filing web site utilizing their PAN card quantity.

What Is Form 26AS?

According to the Income Tax Department, Form 26AS is a type issued beneath Rule 114-I​​, whereby the next info associated to taxpayer is revealed:

Information referring to:

• TDS and TCS;
• Specified Financial Transactions (SFT);
• Payment of taxes;
• Demand and refund;
• Pending proceedings;
• Completed proceedings;
• Information acquired from any officer, authority or physique performing any capabilities beneath any regulation or info acquired beneath an settlement referred beneath part 90 or part 90A;
• Relating to GST return;
• Foreign remittance reported in Form 15CC;
• Information in Annexure-II of the Form 24Q of the final quarter
• Information in ITR of different taxpayer
• Interest on Income Tax Refund;
• Information in Form 61/61A the place PAN may very well be populated;
• Off Market Transactions Reported by Depository/Registrar and Transfer Agent (RTA);
• Information about dividend reported by Registrar and Transfer Agent (RTA);
• Information about buy of mutual fund reported by Registrar and Transfer Agent (RTA); and
• Information acquired from some other individual to the extent it could be deemed match within the curiosity of the income.

Check the next steps to view or obtain the Form-26AS from e-Filing portal:

Step 1: Login to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/

Step 2: Go to the ‘My Account’ menu, click on ‘View Form 26AS (Tax Credit)’ hyperlink.

Step 3: Read the disclaimer, click on ‘Confirm’ and the consumer can be redirected to TDS-CPC Portal.

Step 4: In the TDS-CPC Portal, Agree the acceptance of utilization. Click ‘Proceed’.

Step 5: Click ‘View Tax Credit (Form 26AS)’

Step 6: Select the ‘Assessment Year’ and ‘View type’ (HTML, Text or PDF)

Step 7: Click ‘View / Download’

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