26as tax credit
Income Tax department has provided a way to check this problem. Now you can check your income tax credit statement (Form 26AS) anytime online and take corrective measures if needed. This may avoid a lot of inconvenience.
Form 26AS contains details of:
- Tax deducted and collected on behalf of taxpayers
- Advance tax/self assessment tax/regular assessment tax etc deposited by taxpayers (PAN holders)
- Payment of income tax refund during the financial year
- High value transactions in respect of shares, mutual funds etc
View form 26AS to ensure correct credit for the taxes paid/deducted:
- To avoid demand notice from the income tax department.
- For seamless processing of Income Tax Department Return and speedy issue of refunds
How to View Form 26AS?
• Option 1: Register for viewing Form 26AS by registering for e-filing on https://incometaxindiaefiling.gov.in/. Registration is immediate, without any cost and does not obligate income tax efiling.
o After logging in click on My Account tab
o There will be an option View Your Tax Credit Statement (Form 26AS)
o It will take you to DOB verification page
o In the next step it will ask your permission to be redirected to the NSDL site where you have to press the confirm button
o You will be re-directed to your Form 26AS and you can select the assessment year in the top right corner for which you want to see the details.
o Please remember that Assessment year is 1 year ahead of the financial year. For example for FY 2011 – 12, the Assessment Year is 2012 –13
• Option 2: Through net banking facility of 19 authorized banks. Login to your net banking account and check if this facility is provided.
• Option 3: Through registration with NSDL
In case your tax deduction is not reflected correctly in your Form 26AS, ask the deductor to file the TDS statement/correct statement at TIN Facilitation centres.
26as tax credit
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