![]() ![]() There are many reasons due to which there can be errors in Form 26AS. While filing ITR you can manually enter the tax details as shown in TDS certificates in your ITR form, however, remember tax department is likely to give you credit only of tax as shown in your tax passbook, i.e., Form 26AS." However, it might happen that some tax that has been deducted during FY 2021-22 is not visible in Form 26AS or the amount of tax deducted as shown in Form 26AS does not match with your calculations or the TDS certificates received by you.Ībhishek Soni, CEO, tax2win.in, an ITR filing website says, "As per income tax laws, you are eligible to claim to only that amount of tax deducted from your income which is reflected in Form 26AS. The seller will be required to issue you Form 27D and details of such tax collected from you will be reflected in your Form 26AS. It is collected at the rate of one per cent of the amount paid. Apart from taxes deducted by your employer from your salary or by a bank from interest income, Form 26AS also shows the taxes that are deposited by you as advance tax or self-assessment tax.Īs per current income tax laws, if you buy a motor vehicle that costs more than Rs 10 lakh, then the seller is required to collect 'Tax collected at source (TCS)' from the buyer, i.e., you. ![]() ![]() Apart from TDS certificates and interest certificates, Form 26AS is also one of the important documents required for filing income tax return (ITR).įorm 26AS is a statement containing details of all the taxes that are deducted during the financial year from your income and deposited against your PAN to the government. ![]() Chartered accountants advise that once you have received TDS certificates such as Form-16/Form-16A etc., you must make sure that the amount of tax deducted as shown in the TDS certificate is reflecting in Form 26AS as well. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |