How To Download 26as In Pdf Format

[Catherine Rubeo]

Tax Credit Statement or Form 26AS is an important document for tax filing. Gone are the days when one has to download Form 26AS to file IT returns manually. The scope of the statement has now been expanded to include details of foreign remittances, mutual funds purchases, dividends, refund details, etc.

Form 26AS gives a consolidated record of every tax-related information associated with your PAN (Permanent Account Number). It can be viewed and downloaded easily from the TRACES website. It is useful to verify the contents of the TDS certificate and ensure that the TDS deducted from your income is actually deposited with the income tax department.

Part A of Form 26AS contains TDS details deducted from your salary, interest income, pension income, prize winnings, etc. It also includes the TAN of the deductor and the amount of TDS deducted and deposited to the government. This information is provided every quarter.

If you have deposited any tax yourself, that information will appear here. Details of advance tax. as well as self-assessment tax, are present here. It also contains challan details (BSR code, date of deposit, CIN) through which the tax was deposited.

Information regarding your refund will be presented in this section if any. The assessment year to which the refund pertains, along with the mode of payment, the amount paid and interest paid, and the date of payment, are mentioned.

When you have bought a property/paid rent to the tenant/paid for contractual work or professional fees, and deducted TDS on such payments, this section will show details of the TDS deducted & deposited by you.

The facility to view Form 26AS is available to a PAN holder having a net banking account with any authorised bank. You can view your Form 26AS only if your PAN number is linked to that particular account. This facility is available for free. The list of banks registered with NSDL through which you can view your Tax Credit Statement (Form 26AS) are as below:

The government is yet to notify or clarify the specified financial transactions reportable in the new Form 26AS. The new form is in line with the Budget 2020 announcement to facilitate compliance and correct payment of taxes.

Now again, the tax department has introduced an Annual Information Statement (AIS) to incorporate new details like foreign remittances, off-market transactions, interest on income tax refunds, mutual fund purchases and dividend details, and break-up details of salary and ITR information of another person.

The income tax department used to already avail these records from the authorised entities. For instance, an authorised dealer (e.g. banks) submits Form 15CC for every payment made to non-residents, transfer agents, and depositories report off-market transactions (gift transfers, legacy transfers, transfers between two Demat accounts, etc.). Further, salary break-up details are available in Form 16 from details uploaded by employers on the TRACES portal.

Moreover, information related to certain transactions undertaken by the taxpayers is available with the tax department through ITR filed by others. For example, the property seller reports buyers' details in their ITR.

A TDS certificate or Form 16/16A and Form 26AS have different purposes though they may seem to contain the same information. Form 16/16A is the certificate of TDS or TCS that is issued by the deductor which serves as an evidence that tax deducted or collected by him is deposited to the government under your PAN. Whereas, Form 26AS contains all relevant information related to TDS/TCS sufficient to file ITR. However, there is a need to obtain a TDS Certificate. The rationale behind introducing Form 26AS was to enable the taxpayers to cross-check and verify their details in the TDS certificates with the details recorded in Form 26AS and maintain transparency of information.

When you do not have a TDS certificate or Form 26AS, you cannot verify your details and find mismatches that may have occurred. When you have both, you can cross-check, compare the details and find discrepancies, if any. In the case there are discrepancies, you can get it corrected.

Further, in the case of salaried persons, Form 26AS is not sufficient to file ITR since it does not show the break-up of the income and deductions claimed under Section 80C to Section 80U which are available in TDS certificate. Thus, you need a TDS certificate along with Form 26AS.

In the case of any discrepancy between the TDS certificate and Form 26AS, inform your deductor and get it corrected immediately. Ensure that the deductor has filed TDS using your PAN number and other details. In many cases, if the TDS is filed under an incorrect PAN, it can result in problems for you and the deductor.

Taxpayers can view/download Form 26AS through net banking of any of the authorised banks. Form 26AS can be viewed only if the PAN is mapped to that particular account. Click here to check if your bank is authorised to provide the facility of downloading Form 26AS.

To view or download Form 26AS from the income tax e-filing portal, you must register yourself. However, if you wish to download without login, you can do the same through your net banking facility of the authorised bank where your account is maintained.

Form 26AS gets updated when the income tax department processes the TDS returns filed by the TDS deductors. Thus, the last date for filing TDS returns for the fourth quarter is 31 May. Further, seven days are taken to process the TDS return filed. Once the processing is completed, Form 26AS is updated with the latest amount of TDS reported against your PAN.

Transaction date means the date of credit or payment of income, whichever is earlier.
Date of booking means the date on which TDS return is processed and the amount booked in Form 26AS. This date will be the date after the TDS return is filed.

Form 26AS gives you all the details of tax credit for taxes paid during the financial year. Form 26AS is a statement that provides details of any amount deducted as TDS or TCS from various sources of income of a taxpayer. It also reflects advance tax/self-assessment tax details and high-value transactions entered into by the taxpayer. Form 26AS has been updated to include details of specified financial transactions, pending and completed assessment proceedings, tax demands and refunds.

Tax deducted at sources gets reflected in Form 26AS after the deductee files TDS return and the same is processed by the CPC. Usually it takes around seven days for CPC to process the TDS return filed.

This form contains all information on the tax deducted from your income. It includes the details of the tax collected by collectors, self-assessment tax payments, advance tax paid by you, assessment tax deposited by you, and refund details.

Form 26AS is a tax credit statement that provides a complete view of the taxes paid by a taxpayer. It includes details of income tax deducted at source (TDS), advance tax, self-assessment tax, and other tax payments made by the taxpayer. It also reflects details of tax credits available to the taxpayer, such as tax deducted on interest income, tax collected at source (TCS), and refunds received.

Form 26AS acts as a consolidated record of all tax-related transactions between the taxpayer and the income tax department. It is one of the important documents required while filing the ITR. You can download and view Form 26AS via the Traces website.

For NRIs, if they earn any income in India, such as Interest on an NRO account or any salary income and TDS has been deducted from it, then to claim the tax credit and view Form 26AS, one has to register under the Income Tax Department and should have PAN.

It provides you with the details of Tax Deducted at Source (TDS), Interest Income, Pension Income, etc. Also, it mentions the TAN of the deductor, an amount of TDS that has been deducted and deposited with the Government every quarter.

Before filing your income tax return it is advisable always to view 26 AS to check the amount of tax deposited in your account with the income tax department.
Form 26AS can be viewed and downloaded in three ways:-

You can't directly view Form 26AS with your PAN number by just entering it on a website. However, you can access it through two main methods: either logging through the Income Tax Department e-filing portal or through the TRACES portal.

Form 26AS can also be viewed by using the Internet banking facility. This facility can be availed only if you have an account in a bank approved by the Income Tax Department. We have provided a list below of approved banks for your convenience.

Form 26AS is an essential document for taxpayers in India. It is a consolidated statement that provides a summary of all tax-related information available to the Income Tax Department. The form is important and offers several benefits to taxpayers. Here are some of them:

The tax department has introduced an Annual Information Statement (AIS) incorporating new details to enhance the information available for tax assessment and compliance purposes. The AIS now includes several additional components such as foreign remittances, off-market transactions, interest on income tax refunds, mutual fund purchases, dividend details, and the break-up details of salary and information from another person's income tax return (ITR).

Previously, the tax department would obtain these records from authorized entities. For example, authorized dealers such as banks submit Form 15CC for every payment made to non-residents. Transfer agents and depositories report off-market transactions, including gift transfers, legacy transfers, and transfers between two Demat accounts. Additionally, employers upload salary break-up details on the TRACES portal, which can be accessed through Form 16.

Furthermore, the tax department can gather information related to certain transactions from other taxpayers' ITR filings. For instance, property sellers report buyers' details in their ITR, allowing the tax department to cross-reference this information.

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