How To Check Form 26AS?

We are near to year end, now complete your exercise regarding tax saving investment  and income tax planning. People who pays us some times are liable to deduct TDS on our payment if crosses threshold limits as prescribed for deduction of TDS.

Before filing Income Tax Return it is necessary to obtain & match all income details. Now question is how to get Form 26AS?. What are the procedure to get form 26AS?

There are two procedure to obtain Form 26AS :

1) Directly login on TRACES Website by giving User ID And Password.

                         

2) Login on Income Tax eFiling Website. 

After login on efiling website go to My Account. Click on View Form 26AS (Tax Credit), user will be redirected to TDS-CPC Portal (i.e. TRACES website). Here you can view Form 26AS by selecting related Assessment Year from drop down menu. You will be asked to select report format type i.e. html, text, PDF then write captcha code in the given box and your statement are ready to view. If you have selected PDF format then you need password to open that downloaded file. 

Password to Open Form 26AS is Date of Birth/ Date of Incorporation (in ddmmyyyy format)

Form 26AS is act like a passbook. Following details have been provided in Form 26AS :

statement Advance tax, Self-Assessment Tax and Regular Assessment Tax paid by self·         Tax paid through Tax Deducted at Source (TDS) or  Tax Collected at Source (TCS) on behalf of users own presence·  Refund issued by the Department to self

·        Information received from various agencies on high value transaction carried by self.

This statement is presented yearly, which reflects the transaction of the concerned year. Any person/company who deduct TDS and deposited it against our PAN are reflects here with following details, 

1. Name of Deductor

2. TAN of Deductor

3. Total Amount Paid / Collected

4. Total Tax Deducted

5. Total TDS Deposited.

Form 26AS are divided mainly into Seven Parts i.e. A - G. These parts are :

a) Part A   : Details of Tax Deducted at Source

b) Part A1 :  Details of Tax Deducted at Source for Form 15G/ 15H

c) Part A2 : Details of Tax Deducted at Source on Sale of Immovable Property 

                 U/s.194IA/ TDS on rent  of Property U/s 194IB (For Seller /Landlord 

                 of Property)

d) Part B  : Details of Tax Collected at Source

e) Part C  : Details of Tax Paid (Other Than TDS or TCS) i.e. ADVANCE TAX

f) Part D   : Details of Paid Refund

g) Part E  : Details of AIR Transaction

h) Part F  : Details of Tax Deducted at Source on Sale of Immovable Property 

                U/s.194IA/ TDS on Rent  of Property U/s 194IB (For Buyer /Tenant

                 of Property)

i) Part G : TDS Defaults 

So, Analyse all details given in Form 26AS. If any discrepancy get noticed then contact the concerned person. Disclose all income atleast as per Form 26AS and take credit of all TDS/Advance tax given in Form 26AS.