View and Download Tax Credit Statement Form (26AS) Online before filing Income Tax Return (ITR)

What is Form 26AS (Tax Credit Statement)? View and Download Tax Credit Statement Form (26AS) Online | View and Download Tax Credit Statement Form (26AS) Online before filing Income Tax Return (ITR) discussed by CA. Satuti Mahajan.
Perform the following steps to view or download the Form-26AS from e-Filing portal:
1. Logon to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/
2. Go to the 'E-File Tab ----Income Tax Returns ---- click 'View Form 26AS (Tax Credit)' link.
3. Read the disclaimer, click 'Confirm' and the user will be redirected to TDS-CPC Portal.
4. In the TDS-CPC Portal, Agree the acceptance of usage. Click 'Proceed'.
5. Click ‘View Tax Credit (Form 26AS)’
6. Select the ‘Assessment Year’ and ‘View type’ (HTML, Text or PDF)
7. Click ‘View / Download’
8. To open the document you will be required to enter a password. The password is your DOB in DDMMYYY format.

Form 26AS Part B

This section of the form is kept for the details of the Tax Collected at Source (TCS). This tax is collected by the seller from the buyer at the time of sale of specified category of goods (such as liquor, parking lot, toll plaza, etc.) The amount is deposited by the collector to the government on a quarterly basis.

Part C: Form 26AS Part C discusses and maintains the details of tax paid other than TDS or TCS. If you have paid advance tax or self-assessment tax, it will be listed here. Whenever you deposit advance tax /self-assessment tax directly to the bank, it will upload this information within three days after the cheque has been cleared.

Part D: This part of the income tax Form 26AS keeps the details of paid refunds. All the refunds that you have applied for and received will be listed under this section of the annual tax statement. It may be helpful to keep a track of this information to check if you have been paid for all of the tax refunds you have applied for.

Part E: The Part E of the Form 26AS is responsible for keeping the details of the Annual Information Return (AIR) transactions. If you make some high-value transactions, such as a purchase of property, investment in mutual funds, etc., these transactions are automatically reported to the Income Tax Department by banks and other authorities through the AIR.
Q How to rectify errors in Form 26AS?
To make corrections in Form 26AS, one must inform the deductor and ask him to file a rectified TDS return. The deductee cannot make any corrections in 26AS Form himself.
Q. When does Form 26AS get updated?
When the TDS return filed by the taxpayer is processed by the Income Tax department, Form 26AS gets updated.
Q. Why is Form 26AS needed?
Form 26AS is required as it serves as proof of tax deducted and collected at source on the behalf of taxpayers. Moreover, it also confirms that employers and banks have deducted specific taxes on your behalf and deposited it in the government’s account.

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