10/30/2023 0 Comments Form 26as loginHow to download Form 26AS from TRACES Portal? It can be viewed and downloaded on the TRACES website or through the Net Banking Facility of Authorised Banks. Therefore it is very important that an assessee should view his Form 26AS before filing Income Tax Return(ITR) and make sure if the amount reflected in Form matches with the actual amount of TDS, TCS, or Advance Tax paid. The taxpayer will not be eligible to claim the amount of actual TDS. For instance, If the actual TDS deducted as reflected in the TDS Statement differs from the TDS reflected in Form 26 AS. along with their Tax Deduction Account Number (TAN).Ī taxpayer should note that while filing his Income Tax Return( ITR) the assessee can claim the credit of only that amount which is reflected in Form 26AS. In addition to this, the form also contains details of all your deductors like an employer, bank, etc. It can be accessed by a taxpayer’s Permanent Account Number (PAN) and is one of the most important forms to verify the post-tax payment. It is an annual consolidated tax statement that contains all the information related to the tax paid by an assessee, together with the income on which such tax has been deducted and the taxes which have been paid on behalf of the assessee by the deductor. To record, such tax credits of an assess the Department of Income Tax maintains Form 26AS. However, the government also allows the assessee to claim the credit of such taxes while filing his Income Tax Return(ITR). To collect tax from the assessee in the previous year itself the government collects it in the form of TDS, TCS, and advance tax. HOW TO DOWNLOAD FORM 26AS FROM TRACES PORTAL? What is Form 26AS?
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