The consolidated annual tax statement in Form 26AS is available to PAN holders. The endeavour is to streamline and synchronise the tax paid/deposited under each PAN and identify and resolve discrepancies, if any, at an early stage. Discrepancies could arise due to reasons like incorrectly quoted PAN/non-filing of TDS returns/non-deposit/lower deposit of taxes by the deductor, and can be identified and resolved at an early stage.Income tax department has put in place a facility to enable taxpayers to view their tax credits online or through the internet.
|Part A||Details of Tax Collected at Source
Part A1: Details of Tax Deducted at Source for 15G/15H
Part A2: Details of Tax Deducted at Source on sale of Immovable Property u/s 194-IA or TDS on Rent of Property u/s 194-IB (For seller or Landlord of Property)
|Part B||Details of Tax Collected at Source|
|Part C||Details of Tax Paid (Other than TDS or TCS)|
|Part D||Details of Paid Refund|
|Part E||Details of AIR (Annual Information Return) Transaction [high value financial transactions will be covered in this part]|
|Part F||Details of Tax Deducted at Source on sale of Immovable Property u/s194-IA or TDS on Rent of Property u/s 194-IB (For Buyer or Tenant of Property)|
|Part G||TDS Defaults (Processing of Statements) [here only defaults relate to processing of statements will be covered, the demand raised by the respective Assessing Officers will not covered under this part]|
Step 1: Login into respective account on E-filing website
Step 2: Go to ‘My account’ then click on “View Tax Credit Statement (From 26AS)”. Here you will get al the details and also facility to download it.
Step 1: Login to TRACES website and select Taxpayer/PAO option then enter “User ID”, “Password”, and “Verification code” to proceed further. Landing Page will be displayed on the screen.
Step 2: Click on “View Tax Credit (Form 26AS)” tab.
Step 3: Click on “View Form 26AS” option.
Step 4: Select “Assessment Year” and “Format” for downloading 26AS. Click on “View/Download” button to Download or View 26AS.
The author is ED (tax), KPMG
Republished with Amendments