General reasons for discrepancy between Form 26AS and TDS statement However, there are times when there could be a discrepancy and could create a problem in filing your returns. Technically, your TDS statement as contained in Form 16 or Form 16A, should precisely match with Form 26AS. Individuals and organizations who deduct TDS need to have a TAN number and when they deposit the TDS with the government against your PAN, it automatically shows in your Form 26AS. Similarly, if you are a businessman, your client is required to deduct TDS at the extant rates and deposit with the government. Your employer is required to deduct TDS from your salary based on estimated tax for the year and deposit with the government. TDS or tax deducted at source is mandatory irrespective of whether you are salaried or you are in business. ![]() Mismatch between TDS statement and Form 26AS The Income Tax Department uses Form 26AS as the final and authentic information about tax paid on your behalf by the deductor. Form 26AS is not only an important document but also one of the most authentic records of how much tax has been deposited by your deductor into the government account. ![]() This is automatically uploaded by the Income Tax department into your secured PAN access area in the e-filing website. One of the first documents that we are supposed to check when filing tax returns is the Form 26AS. Steps to follow if your TDS does not reflect on Income Tax Website What is Dematerialization & It's Process.Difference Between Demat and Trading Account.Documents Required to Open a Demat Account.Aims, Objectives and Importance of Demat Account.What is the Sub-broker Program of IIFL?.
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