Matchless 26as Tds Form
Form 26AS is provided to you by the TDS Reconciliation Analysis and Correction Enabling System also known as TRACES.
26as tds form. This will enable the taxpayer to cross check the details mentioned in TDS certificates with those mentioned in Form 26AS. TDS certificates are important because these certificates and the Form 26AS are a cross-check for each other. Advance tax paid by the employer on your behalf or TDS deducted on your salary will get reflected in Form 26AS.
The information about the TDS details for Q1 and Q2 of FY21 is not been shown inside the Form 26AS said the employed assessee even the similar is deducted through the employer. The TDS amounts reflected in Form 26AS and Form. It contains all information about taxes that have been deducted such as TDS tax on salary professional tax TDS by banks any advance taxes or self-assessment taxes paid etc.
So TDS deductions that are given in Form 16 Form 16 A can be cross checked using Form 26AS. Lets break down the components of Form 26AS. Details of tax deducted on the sale of immovable property.
Form 26AS contains details of tax deducted on behalf of the taxpayer by deductors employer bank etc. The Form 26AS contains details of tax deducted on behalf of the taxpayer you by deductors employer bank etc. Form 26AS or Annual Information Statement is a consolidated statement that contains details of your income salary business income interest on your bank deposits etc as well as the total tax deducted if any on such incomes and deposited in your name with the Income Tax Department.
This feature is available for only those valid PANs for which TDS TCS statement has been previously filed by the deductor. This facility has been provided to the deductor in order to verify whether the PANs for which user is deducting TDS are getting the credit for the same or not. This also creates transparency in the details.
Logon to e-Filing Portal wwwincometaxindiaefilinggovin. In some cases the assessees may have examined the Form 26AS for FISCAL YEAR 21 while furnishing the ITR for FY 19-20 and it is seen that TDS is not mentioned in the provided Form 26AS that is updated on. As a taxpayer if you are wondering what is Form 26AS then the details of the taxes paid or any tax that has been deducted from your income are available in the database of the Income-tax department.