How to Rectify Missing Credits in Form 26AS
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Learn how to view and download your form 26AS using netbanking and traces website. In this guide by H&R Block also understand the structure of Form 26AS in detail.

What is Form 26AS & How to View 26AS in Traces

Last Update Date : June 14, 2018

A salaried individual generally pays tax in the form of Tax Deducted at Source or TDS. This is deducted by his/her employer from his/her monthly salary.

The Income Tax Department maintains the database of the total tax paid by the taxpayer. Form 26AS (Tax Credit Statement) is the annual statement in which the details of tax credits are maintained for each taxpayer as per the database of Income-tax Department. Form 26 AS will reflect the tax credit against the PAN of the tax payer.

What is Form 26AS Used For?

  • It facilitates view of all financial transactions involving TDS/ TCS during the relevant Financial Year at one place.
  • Your Form 26 AS gives you details of no/ low deductions claimed by you.
  • It helps you locate any TDS defaults relating to all TANs associated with your PAN.
  • You can find any tax demand created by Income Tax Department and thus do proper follow up.
  • It helps in seamless processing of Income Tax Return and speedy issue of refunds.
  • It helps in verification of CIN (Corporate Identity Number) in non-TDS payments.
  • It helps in verification of refunds encashed during the year.
  • It helps in claim of other taxes paid by you and computation of income at the time of filing of return.

Form 26AS Format Explained in Detail

1. Part A – Details of Tax Deducted at Source

Here, you will find all the details of Tax Deducted at Source. For example, taxes deducted from your salary or pension can be found here.

2. Part A1 – Details of tax Deducted at Source for 15G/15H

Form 26AS Format - Part A1

This portion also covers details of income paid to you without the tax being deducted on it against you filling the Form 15G with the deductor.. If your bank has not deducted any tax from the interest earned by you because you submitted a Form 15G, then you will find the details of such income here. You will be required to add this income to your taxable income for the year.

Part A2 – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA (For Seller of Property)

Form 26AS Format - Part A2

3. Part B – Details of Tax Collected at Source

Form 26AS Format - Part B

If you purchased a car, jewelry, etc. during the year in which the seller has collected tax at source, then the entry for it will appear here. TCS provisions are inserted with an intention to map all your high value purchases against your tax return. You can claim the credit of the TCS in your tax return and either adjust it against your other tax liability or claim it back from the tax department.

4. Part C – Details of Tax Paid (other than TDS or TCS)

Form 26AS Format - Part C

If you are a freelancer or professional or a businessman or have some other sources of income on which you have paid Advance Tax or Self-assessment tax then you can find its details in this section of Form 26AS.

5. Part D – Details of Paid Refund

Form 26 AS Format - Part D

Any tax refund that you receive from the Income Tax department along with interest paid by the department on the same can be found here.

6. Part E – Details of AIR Transaction

Form 26 AS Format - Part E

When you make any high value transactions like deposit large sum of money into your savings bank account, purchase high value bonds or debentures, purchase of property, etc. then banks and other financial institutions report it to the tax department. You can find the details of all such transactions here. You need to factor in all these transaction in your tax return in appropriate manner.

7. Part F – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA (For Buyer of Property)

Form 26AS Format - Part F

If you bought a property where the consideration value exceeded Rs. 50 lakh, you need to deduct and deposit TDS on behalf of the seller. Details of such tax can be found in this section of the form.

8. Part G – TDS Defaults* (Processing of Statements)

Form 26AS Format - Part G

Details of any default in payment of TDS, penalty paid for default in payment or filing of TDS return, etc. can be seen in Part G of the form.

How to View Form 26AS?

You can see your Form 26 AS in two ways:

  • You can view and download Form 26AS from TRACES website.
  • You can also view it through netbanking if your PAN is linked to your bank account.

View Form 26AS from TRACES website

You can view your Form 26AS without registering on TRACES website. Here is a step by step procedure which will help you to download and view Tax Credit Statement:

Step 1: Please click on the link https://incometaxindiaefiling.gov.in/ and follow the below mentioned procedure.

Step 1 To View 26AS Form through Traces

 

Step 2: Enter your “User ID” and “Password” then click on “Login” button. If you don’t have an account, you will have to register. Click here to view a step-by-step guide on the registration process. After registration you can follow the steps mentioned below.

 

Step 3: Please click on “My Account” to bring a drop down menu. In the menu select “View Form 26AS (Tax Credit)”

Step 2 to View Form 26AS using Traces

Step 4: Now click on the “Confirm” button.

 

Step 5: Select the small box to agree to the terms of usage of Form 16 / Form 16A and click on “Proceed” button.

Step 3 to View 26as for ay 2016 17

 

Step 6: Now click on “View Tax Credit (Form 26AS)” tab to view all the returns that are pending for verification.

Step 4 to view 26as statement online without registration

 

Step 7: Under the “Assessment Year” drop down menu, select the year for which you want to view your Form 26AS. Select the type of file in the “View As” drop down menu and click on “View/ Download” button.

Step 5 to View view Tax Credit Form 26as

  • If you want to view your Form 26AS online, you should choose the type of file as “HTML”.
  • If you want to download and see your form, then you need to choose “PDF” or “text” as the type of file. You will require to enter a password to open the downloaded Tax Credit Statement.
  • The password to view your Form 26AS is your date of birth. It should be entered in the format “ddmmyyyy”.

Step 8: Enter your date of birth as your password in the format “ddmmyy” then click on “SUBMIT” button. Now your Form 26AS will be generated.

Congratulations! You have successfully generated your Form 26AS. Now you can easily find out how much Income Tax you have paid to the government.

View Form 26AS Through Netbanking:

You can view your Tax Credit Statement through netbanking, only if your PAN is linked to your account. You can use netbanking services if you have an account belonging to any of these authorised banks.

 

Check out this list to find whether your bank is authorised or not to show you the form

Axis Bank

Bank of India Bank of Maharashtra

Bank of Baroda

Citibank N.A.

Corporation Bank

City Union Bank ICICI Bank IDBI Bank
Indian Overseas Bank Indian Bank Kotak Mahindra Bank Limited
Karnataka Bank Oriental Bank of Commerce State Bank of India
State Bank of Mysore State Bank of Travancore State Bank of Patiala
The Federal Bank Limited The Saraswat Co-operative Bank Limited UCO Bank

Union Bank of India

Note: If you choose to view your form through netbanking, the procedure remains the same, with the exception of logging in through your bank portal, from where you will be re-directed to the Income Tax website.

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