Form 26AS

Form 26AS- Check Anywhere Anytime Tax Credit Status

Income Tax - Form 26As can be viewed/ downloaded through e-filling website  www.incometaxindiaefiling.gov.in, internet banking or TRACES website based on the choice of the taxpayer to view his tax credit. Note:‑ For records greater than 20,000 a download request for Form 26AS as a text file needs to be submitted at TRACES by its registered users. F...

Read More

3 Ways to View Tax Credit (Form 26AS)

Income Tax - You can now view your Form 26AS (Taxes paid) at ITR e-Filing website, without any additional login. To view the tax statement, Assessees can now login in to www.incometaxindiaefiling.gov.in with their login, and click on 'My Accounts' -> 'View Tax Credit Statement (Form 26AS)'. Here, you should select the 'assessment year', confirm your ...

Read More

How to view TDS Certificate from Form 26AS?

Income Tax - Deductee can view TDS certificate (only non-salary TDS certificate i.e. Form 16A) online by logging into Form 26AS. From financial year 2011-12, it is mandatory for companies and banks to issue Form 16A downloaded from TIN Website and issue only such downloaded Form 16A to deductees. The other categories of deductors may also exercise thi...

Read More

All about Tax on Salary Income

Income Tax - I have started writing this article keeping in mind the questions raised in minds of salaried class taxpayers. Also, it is aimed to address the doubts of all those who file the Return of their salaried class clients....

Read More

Addition of income appearing in Form 26AS ,16A, 16 but not included in returned Income

Income Tax - Clause (a) of the said sub-section provides that at the time of processing of return, the total income or loss shall be computed after making the adjustments specified in sub-clauses (i) to (vi) thereof....

Read More

Major Achievements of CBDT in Current Financial Year 2016-17

Income Tax - Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessment Year 2018-19;...

Read More

CPC-TDS- Processing of TDS/ TCS statements may take 7 to 10 working days

Income Tax - CPC-TDS has informed on its website that Considering peak statement filing time, processing of TDS/ TCS statements might take 7 to 10 working days from date of filing. 90% of the statements filed till 15th Oct 2014 have been processed for 26AS....

Read More

26AS Online views – crosses 22 Crores

Income Tax - CPC (TDS) is committed to contribute effectively in the nation building process through efficient tax administration and improved voluntary compliance. This is intended to be achieved by an enabling policy environment and augmenting the revenue mobilization apparatus under the law, while maintaining taxpayer confidence in the system. To a...

Read More

Form AS Viewed for 5.69 Crore Times this Year

Income Tax - No. of times Form 26AS viewed 5.69 cr . No. Of distinct PANs for which Form 26AS viewed 1.38 cr . Statistics as on 23/08/2012...

Read More

View Tax Credit Statement / Form 26AS Online

Income Tax - View Tax credit detail is available to all user after login. This facility provides Tax credit history. After login go to menu option MyAccount->View Tax credit statement(Form 26AS). The new screen provides facility to enter Ass Year, DOB and capcha code to view the statement. Please login to view the same...

Read More

Penalty cannot be levied for difference in Income with form 26AS due to TDS deduction on Service Tax Component

M/s. Bhayana Builders Pvt. Vs The DCIT (ITAT Delhi) - Since the difference is reconciled at the penalty stage and claim of assessee have not been doubted or rejected, therefore, Ld. CIT(A) was not justified in confirming the levy of penalty merely because assessee conceded for addition of the amount in question. ...

Read More

Addition for mere appearing of TDS credit in form 26AS not justified

P.K. Rajasekar vs. ITO (ITAT Chennai) - AO is also equally responsible to find out whether the credit entry found on 01.07.2010 is genuine or not. The AO cannot take advantage of the ignorance or handicap of the assessee and say that there was undisclosed receipt by the assessee....

Read More

All transactions in different bank accounts have to be taken in consideration while doing the Assessment

Shri Sama Srinivas Reddy Vs ITO (ITAT Hyderabad) - The CIT(A) remanded the matter and according to the remand report cash deposits were not explainable as there was cash in hand. Also, it was came to known that Assessee maintained one more account in Vijaya Bank which was not shown to the Department. Regarding the rental receipts it was observed by ...

Read More

TDS credit must be given to deductee even if deductor fails to pay to government

Executors of the Estate of S.Shanmuga Mudaliar Vs The Assistant Commissioner of Income Tax (Madras High Court) - It is not disputed that tax was deducted at source by the tenant Union Motors Services Limited and they have issued some Certificates which has been given credit to by the Department. The present dispute relates to the failure of non issuance of TDS certificates by the tenant....

Read More

TDS credit cannot be denied for non matching with 26AS if Assessee produces TDS Certificate

Sumit Devendra Rajani Vs ACIT (Gujarat High Court) - The grievance which is voiced in the present petition by the assessee is that though deductor ­employer ­ Amar Remedies Limited had deducted TDS for total Rs.5,86,606/­ and for which Form 16 A has been issued by it, department has not given credit of the said TDS to the petitioner­ assessee...

Read More

Instruction for Processing of ITR-2, 3, 4, 5 & 6 with Form 26AS / 16A / 16

Instruction No. 10/2017 - (15/11/2017) - Total income or loss shall be computed after making adjustment for addition of income appearing in Form 26AS or Form 16A or Form 16 (the three Forms) which has not been included in computing the total income in the return....

Read More

Procedure for furnishing and verification of Form 26A

DGIT Notification No. 11/2016-Income Tax - (02/12/2016) - CBDT notidfies Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source- Reg....

Read More

TDS credit to be allowed if difference with AS-26 do not exceed Rs. One lakh

Instruction No. 01/2012 - (02/02/2012) - Instruction No. 01/2012 The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considered by the Board. In order to clear backlog of returns, the following decisions have been taken: (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS ...

Read More

Guideline for issue of credit of TDS claimed when TDS not Matching with 26AS for returns of A.Y. 2010-11

INSTRUCTION NO. 2/2011 - (09/02/2011) - INSTRUCTION NO. 2/2011 The issue of processing of returns for Asst. year 2010-11 and giving credit for TDS has been considered by the Board. In order to clear the backlog of returns, the following decisions have been taken: (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS ...

Read More

Guideline to Income Tax Dept on Form 26AS

D.O. No. FTS-799468/2010- MEMBER (R) - (18/06/2010) - D.O. No. FTS-799468/2010- MEMBER (R) You may be aware that the Tax Credit Statement (in Form 26AS) in respect of each PAN holder is being compiled by the Income Tax Department on real time basis. Such statements are available for online view to the PAN holder, to enable him/her to take timely correc...

Read More

Recent Posts in "Form 26AS"

Form 26AS- Check Anywhere Anytime Tax Credit Status

Form 26As can be viewed/ downloaded through e-filling website  www.incometaxindiaefiling.gov.in, internet banking or TRACES website based on the choice of the taxpayer to view his tax credit. Note:‑ For records greater than 20,000 a download request for Form 26AS as a text file needs to be submitted at TRACES by its registered users. F...

Read More
Posted Under: Income Tax | ,

3 Ways to View Tax Credit (Form 26AS)

You can now view your Form 26AS (Taxes paid) at ITR e-Filing website, without any additional login. To view the tax statement, Assessees can now login in to www.incometaxindiaefiling.gov.in with their login, and click on 'My Accounts' -> 'View Tax Credit Statement (Form 26AS)'. Here, you should select the 'assessment year', confirm your ...

Read More
Posted Under: Income Tax |

How to view TDS Certificate from Form 26AS?

Deductee can view TDS certificate (only non-salary TDS certificate i.e. Form 16A) online by logging into Form 26AS. From financial year 2011-12, it is mandatory for companies and banks to issue Form 16A downloaded from TIN Website and issue only such downloaded Form 16A to deductees. The other categories of deductors may also exercise thi...

Read More
Posted Under: Income Tax |

All about Tax on Salary Income

I have started writing this article keeping in mind the questions raised in minds of salaried class taxpayers. Also, it is aimed to address the doubts of all those who file the Return of their salaried class clients....

Read More
Posted Under: Income Tax |

Addition of income appearing in Form 26AS ,16A, 16 but not included in returned Income

Clause (a) of the said sub-section provides that at the time of processing of return, the total income or loss shall be computed after making the adjustments specified in sub-clauses (i) to (vi) thereof....

Read More
Posted Under: Income Tax |

Guidelines for Income Tax Deductees- ensure you have correct tax credit!

Tax deductee is a person who receives certain prescribed payments like salary, interest, commission, brokerage, rent etc. after deduction of tax at source...

Read More
Posted Under: Income Tax |

Income Tax Credit Statement 26AS – Advisory to Taxpayers

26AS statement contains information regarding Advance Tax, Self Assessment Tax, Regular Assessment Tax, TDS, TCS credits available to taxpayer for claim in ITR alongwith information on refund, high value transactions and TDS defaults....

Read More
Posted Under: Income Tax |

How to view Tax credit statement Form 26AS on Income Tax Website

The 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 TCS on behalf of users own presence Refund issued by the Department to self Information received from various agencies on high value transaction carried ...

Read More
Posted Under: Income Tax |

30 FAQs on Income Tax for New Tax Return Filers

This FAQ explains about Income Tax, administrative framework of Income-tax, Return Filing Period, who is suppose to pay Tax, how to pay tax, precaution in Tax Payment , when to pay Tax, Advance Tax Calculation, Income Tax Challans, Form 26AS, Exempt Income Taxable, Income, Assessing Officer, Revenue receipt, Capital receipt, Agricultural ...

Read More
Posted Under: Income Tax | ,

Instruction for Processing of ITR-2, 3, 4, 5 & 6 with Form 26AS / 16A / 16

Instruction No. 10/2017 (15/11/2017)

Total income or loss shall be computed after making adjustment for addition of income appearing in Form 26AS or Form 16A or Form 16 (the three Forms) which has not been included in computing the total income in the return....

Read More
Page 1 of 612345...Last »

Browse All Categories

CA, CS, CMA (3,748)
Company Law (3,881)
Custom Duty (6,952)
DGFT (3,686)
Excise Duty (4,144)
Fema / RBI (3,478)
Finance (3,669)
Income Tax (27,495)
SEBI (2,899)
Service Tax (3,370)

Search Posts by Date

July 2018
M T W T F S S
« Jun    
 1
2345678
9101112131415
16171819202122
23242526272829
3031