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Tax credit - 26as

ITR Filing 958 views 6 replies

Nitesh Singh

Others

59 Points Posted on 23 March 2014

What details does ( 26AS- Tax credit ) form on incometax efilling webites really shows?

Replies (6)

Manoj Mehta

Head Of Department (Accounts & Finance)

1479 Points Posted on 24 March 2014

Dear sir it is basically a summary of all taxes paid and deducted on your income. For eg say when ever your employer deduct tax on salary and deposit it to government, it is shown in your 26as. Every assessee must see and check his 26as before filling their income tax return. Regards

Nitesh Singh

Others

59 Points Posted on 24 March 2014

That means that details of all the possible tax that needs to be deducted by the government or to be paid to the government against my PAN No. will be available of Tax credit 26AS form

Manoj Mehta

Head Of Department (Accounts & Finance)

1479 Points Posted on 24 March 2014

It will show all deduction made on your PAN no and the amounts you deposited as advance tax. Regards

Binod Padhi

Auditor

52 Points Posted on 24 March 2014

You can also have view under which section the TDS got deducted . For ex whether it is for professional fees or whether it is under interest TDS.So it can add knowledge that under which sections tax you have paid/or got deducted.. I can say a summery of tax assigned to a PAN.

PARAS CHHAJED

CA Practice

1042 Points Posted on 24 March 2014

In additioin to tax credits i.e TDS, TCS, depsoit of Tax by challan, Refund issued by ITD, transactions reported in AIR are also reflected in Form 26AS.