Oct 13, 20202 min read

Yes - 26AS Before You File Your Taxes

Its the time of the year , when you are receiving your Form 16 , Form 16A etc from your HR or your TDS deductors and you are preparing to file your taxes , but do you know?

Form - 26AS is your annual tax statement where in your major incomes on which Tax has either been deducted or collected shows up!

Question : Can form 26AS be used to trace out transactions on which TDS is deducted?

Answer : Yes ofcourse , all the transactions on which either tax has been deducted or collected shows up heee , but if in case tax has been deducted but not showing in 26AS?

What to do then?

Kindly contact your deductors ahd intimate via official mode to kindly update their TDS returns to show the tax dedcutions in your name , else your wont be able to take credit of the same.

Here's a way to check how much income tax

Form 26 AS is your annual tax statement. You can view income tax department's e-filing website. It helps in reducing errors at the time of filing itr.

You can view your Form 26AS in following way

1) Through logging in Tax Portal

Step 1: Login to e-filing portal of income tax website Step 2: Go to 'My Account' Step 3: View Form 26AS (Tax Credit) Step 4: Confirm to redirect to 'TDS Traces CPC website' Step 5: Click on 'View Tax Credit Form 26AS' Step 6: Select Assessment Year and Download Format Step 7: Click to 'View/ Download'