Q.1 What is form 26AS?
Ans. It is a consolidated Annual Information Statement for a particular Financial Year (FY). It contains the details of the following:
-Advance Tax / Self-Assessment Tax / Regular Assessment Tax deposited
-Refund received during a financial year (if any)
-Details of any Specified Financial Transactions (SFT) (if any)
-Details of Tax Deducted on sale of immovable property u/s194IA (in case of seller of such property)
-TDS Defaults (if any)
-Information relating to demand and refund
-Information relating to pending and completed proceedings
Q.2 My Self-Assessment / Advance Tax in my Annual Tax Credit Statement (26AS) do not reflect the amounts deposited by me. What do I need to do now?
Ans. You need to validate the Challan number and your PAN in such cases.
Q.3 How will I know if there is a tax credit mismatch?
Ans. In the Tax Credit Mismatch page, after you enter your details, check for any mismatch between respective TDS / TCS / any other challan amounts and amount as per 26AS. If the corresponding amounts are different then there is a tax credit mismatch. In such cases, the message – There is a mismatch will be displayed.
If there is no tax credit mismatch, the message Tax Credit Claimed is Fully Matched with Tax Credit Available in 26AS will be displayed.
Q.4 What can I do if there is a tax-credit mismatch in one of my filed Income Tax Return?
Ans. If there is a mismatch in TDS :
In case of other tax credit mismatch (AT / SAT) provided in the Income Tax Return by you: