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(A) The possible reasons for no credit of TDS/TCS being displayed in your Form 26AS :

1. Deductor/collector has not filed his TDS/TCS statement;

2. You have not provided PAN to the deductor/collector;

3. You have provided incorrect PAN to the deductor/collector;

4. The deductor/collector has made an error in quoting your PAN in the TDS/TCS return;

5. The deductor/collector has not quoted your PAN;

Worried about proper credit of Income tax - Do's for Taxpayers

DO’S FOR TAXPAYERS

(B) To rectify these errors you may request the deductor/ Bank:

1. To file a TDS/TCS statement if it has not been filed;

2. To rectify the PAN, if your PAN is quoted wrong in the already filed TDS/TCS statement.

3. To furnish a correction statement if the deductor did not upload your details correctly.

(c) While making payment of tax in Challan ITNS 280, you should clearly mention the following:

1. Head of payment, i.e. Corporation Tax/Income-tax (other than companies).

2. Amount and mode of payment of tax.

3. Type of payment (i.e. Advance tax/ Self assessment tax / Tax on regular assessment / Tax on Dividend / Tax on distributed Income to Unit holders/Surtax).

4. Assessment year.

5. PAN (Permanent Account Number) allotted by the Income Tax

6. For proof of payment from your bank please insist that:‑

(a) the filled-up taxpayer’s counterfoil must be stamped and returned to you by the bank.

(b) the bank’s stamp contains Challan identification Number (CIN) [BSR (Banker’s Serial Number) code, Date of Deposit, Challan Serial Number].

(c) in case of e-payment a computer generated copy will be issued.

(d) The NSDL Website [http://www.tin-nsdl.com] provides online services called Challan Status Enquiry. You can also check your tax credit by viewing your form 26AS from your e-filing account at www.incometaxindiaefiling.gov.in

(e) Form 26AS will also show the credit of TDS/TCS in your account.

(f) Please remember the full amount is taxable (including TDS/TCS). You are entitled for credit of tax deferment on TDS/TCS.

(g) Please ensure offering your true and full income in your Income Tax And file it before the due date prescribed by the Income tax law.

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One Comment

  1. GANDHI MOHAN BHARATI says:

    NO AMOUNT of my saying that even when ASSESSEE is correct in all respects the Department says 26AS is GOD ALMIGHTY and there is no way to give relief to the assessees. No on cares. Let the loot continue

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