What is Form 26AS?
It is a form issued
under Rule 31AB, wherein the following information in relation to a PAN is
published:
- TDS
- Part A & A1 of Form 26AS
- TCS
- Part B of Form 26AS
- Details
of tax paid other than TDS / TCS - Part C of Form 26AS
- Details
of Refund - Part D of Form 26AS
- Details
of AIR transactions - Part E of Form 26AS
From which Assessment Year
(AY) can I view my Form 26AS on TRACES?
You can view your Form 26AS in TRACES from AY
2009-10 onwards.
The TDS / TCS deducted
by a deductor is reflected in Form 26AS of the respective PAN and this helps in
identifying any discrepancy / error. Although deductor cannot view Form 26AS
for a PAN, they can view the TDS / TCS deducted / collected by them.
The credits available in
the tax statement confirm that:
- The
tax deducted / collected by the Deductor / Collector has been deposited to
the account of the government
- The
Deductor / Collector has accurately filed the TDS / TCS return giving
details of the tax deducted/collected on your behalf
- Bank
has properly furnished the details of the tax deposited by you
- In
future, you will be able to use this consolidated tax statement (Form
26AS) as a proof of tax deducted / collected on your behalf and the tax
directly paid by you along with your income tax return, after the need for
submission of TDS / TCS certificates and tax payment challans along with
income tax returns has been dispensed with by the Income Tax Department
(ITD)
How
can a Tax Payer view Form 26AS?
Tax Payer must
register and login to TRACES to view Form 26AS for a Financial Year.
What
is the period for which Form 26AS is generated?
Form 26AS is
generated annually, for a Financial Year.
When
is Form 26AS generated?
Form 26AS will be
generated whenever a transaction related to point # 2 in this FAQ happens in
relation to the tax payer. It will be updated further with all the transactions
reported / processed for the given FY.
Who
can view Form 26AS?
Only a registered
PAN holder can view their Form 26AS on TRACES. Form 26AS can be viewed from FY
2008-09 onwards.
What is booking status in Part A of Form 26AS?
The various booking
status available in Part A of Form 26AS in are:
·
F – Final
When payment details of TDS / TCS deposited in
banks by deductors match with payment details mentioned in the TDS / TCS
statement filed by deductor, status is displayed as Final (F)
·
O – Over booked
When payment details of TDS / TCS deposited in
bank by deductor have matched with details mentioned in the TDS / TCS statement
but the amount is over claimed in the statement, status is displayed as
Overbooked (O). Final (F) credit will be reflected only when deductor reduces
claimed amount in the statement or makes new payment for excess amount claimed
in the statement
·
U – Unmatched
When
payment details mentioned in the statement by deductor cannot be matched or
found in OLTAS / banks, status is updated as Unmatched (U)
·
P – Provisionally Booked
In the case of Government deductors who make
book entry for TDS / TCS payment, details are updated in G-Oltas by filing Form
24G. When the Government deductor files TDS / TCS statements and mentions BIN
details and these do not match with G-Oltas data, status is updated as Provisionally
Matched (P)
What should I do if there is any error in the information
displayed in Form 26AS?
For any clarification
regarding Form 26AS, contact authorities are as below:
Part of Form 26AS
|
Contact Person
|
A
|
Deductor
|
A1
|
Deductor
|
B
|
Collector
|
C
|
Assessing Officer /
Bank
|
D
|
Assessing Officer /
ITR-CPC
|
E
|
Concerned AIR Filer
|
Can
we verify TDS certificate (Form 16A) issued by the deductor from Form 26AS?
Yes.
Can
negative entries appear in Form 26AS?
If there is any
error in TDS / TCS return or in the challan detail uploaded by bank, for
rectifying this, original credit entry will be reversed by debit entry in Form
26AS and a new credit entry will be posted (if required). Remarks column will
be updated with the appropriate reason.
How
can I correct if the name and address details given in Form 26AS are incorrect?
You can get the
Data corrected by applying in TIN for changes or correction in PAN Data.
This request can be made either online or through the existing network of
TIN-FCs.
Can
I download my Form 26AS statement?
Yes. Form 26AS
statement can be downloaded either as PDF / text / excel file. If number of
records in Part A / Part B is less than 20,000, Form 26AS can be downloaded as
PDF / excel file or viewed as HTML on the screen.
For records
greater than 20,000, Form 26AS cannot be viewed as HTML and it also cannot be
downloaded as PDF / excel file. You have to download Form 26AS as a text file.
I have paid Securities Transactions Tax and Banking Cash
Transaction Tax, but it is not reflecting in my Form 26AS. What should be done?
Form 26AS does not
display the following taxes in Part C:
- Securities
Transaction Tax
- Banking
Cash Transaction Tax
I
have received a demand notice for my Income Tax Return, whom should I contact
in this regard?
For demand related
to your income tax return (ITR), kindly contact ITRCPC-Bangalore or your
Jurisdictional AO.
What
should I do in case there are entries in my Form 26AS that do not pertain to
me?
If this is on
account of 'TDS / TCS' credit, you may intimate your deductor / collector. If
this is on account of advance tax / self-assessment tax, you may intimate your
assessing officer.
What
is the source of information like my name and address mentioned on Form 26AS?
The address
reflecting in Annual Tax Statement (Form 26AS) is picked up from Income Tax
Department's PAN database with the details of latest PAN card issued to you.
What
is the password for opening Form 26AS?
The password for
opening Form 26AS will be your Date of Birth (in DDMMYYYY format), e.g., if
your date of birth is 01-Feb-1980, password will be 01021980.
How
can I know if my deductor has filed the quarterly statement reflecting details
for my PAN?
You can check on
TRACES if deductor has filed quarterly statement and whether the statement
contains details for your PAN. This functionality can be accessed by Tax Payer
without logging in to TRACES.
Click on ‘View TDS
/ TCS Credit’ link under Quick Links in Tax Payer tab in TRACES home page.
Enter details as requested on the screen and proceed. ‘Remarks’ will specify if
quarterly statement (for the inputs entered by you) has been filed by deductor.
‘Count of Records Present’ indicates number of records for your PAN in the
statement.
The 26AS downloaded by the assessing officer and one downloaded by the assessee through the traces does not tally which is the correct one
ReplyDeleteIt used to happen some times due to technical snag. But you need not to bother if your 26AS is reflecting true picture.
DeletePlease clarify
ReplyDeleteWhat clarification is required, please specify?
Deletehow can i view AS26 for previous years i.e. earlier than FY2008-09? Please help.
ReplyDeletehow can i view AS26 for previous years i.e. earlier than FY2008-09?
ReplyDelete