.png)
Everything You Need to Know About Form 26AS and How to Download it
How to Download 26AS Form and Why It Is Important for Filing ITR
If you are a taxpayer in India, you must be aware of the importance of filing your income tax return (ITR) on time and accurately. But do you know that there is another document that is equally important for filing your ITR? It is called Form 26AS, and it contains all the tax-related information associated with your PAN (Permanent Account Number). In this article, we will explain what is Form 26AS, how to download it from various sources, and what are its benefits for filing your ITR.
What is Form 26AS?
Form 26AS is an annual consolidated tax statement that shows the details of tax deducted at source (TDS), tax collected at source (TCS), advance tax paid by the taxpayer, self-assessment tax payments, regular assessment tax deposited by the taxpayer, income tax refund received by the taxpayer, high-value transactions entered into by the taxpayer, specified financial transactions, pending and completed assessment proceedings, tax demands, refunds, and information received from other countries under treaty/exchange of information about income or assets of the taxpayer located outside India.
download 26as form
Download File: https://www.google.com/url?q=https%3A%2F%2Ft.co%2FEOiIo8BGh3&sa=D&sntz=1&usg=AOvVaw0-Rfn-23ZwgV4nOzlbqK7U
Information available on Form 26AS
Form 26AS provides the following information about the taxpayer for a particular financial year:
Mobile number, email id, date of birth/incorporation and Aadhaar number
Information relating to tax deducted or collected at source
Information relating to specified financial transactions (such as property and share transactions)
Information relating to payment of taxes
Information relating to demand and refund
Information relating to pending proceedings
Information relating to completed proceedings
Information received by Income Tax Department from any other country under treaty/exchange of information
Details of turnover as per GSTR-3B
Structure and parts of Form 26AS
Form 26AS is divided into eight parts:
PartDescription
ADetails of Tax Deducted at Source
A1Details of Tax Deducted at Source for 15G/15H
A2Details of Tax Deducted at Source on Sale of Immovable Property u/s194 (IA)/TDS on Rent of Property u/s 194IB/TDS on Payment to Resident contractors and professionals u/s 194M (For Seller/Landlord of Property/ Payee of resident contractors and professionals)
BDetails of Tax Collected at Source
CDetails of Tax Paid (other than TDS or TCS)
DDetails of Paid Refund
EDetails of SFT Transaction
FDetails of Tax Deducted at Source on Sale of Immovable Property u/s194 (IA)/TDS on Rent of Property u/s 194IB/TDS on payment to resident contractors and professionals u/s 194M (For Buyer/Tenant of Property/Payer of resident contractors and professionals)
GTDS Defaults* (processing of Statements)
H<td Details of Income Tax Demand and Refund
IDetails of Pending Proceedings
JDetails of Completed Proceedings
KDetails of Information received from other country under treaty/exchange of information
LDetails of Turnover as per GSTR-3B
How to download Form 26AS from various sources?
There are three ways to download Form 26AS from different sources. They are:
Download from income tax e-filing website
This is the most common and convenient way to download Form 26AS. You need to follow these steps:
Login to the income tax e-filing website ( using your user id (PAN), password, captcha code and OTP.
Go to 'My Account' and click on 'View Form 26AS (Tax Credit)'.
Select the assessment year and the format (HTML, PDF or Text) for which you want to download the form.
Enter the password (your date of birth in DDMMYYYY format) to open the form.
Save the form on your computer or mobile device.
Download from bank site through net banking facility
If you have net banking facility with any of the authorized banks, you can also download Form 26AS from their website. You need to follow these steps:
Login to your net banking account using your user id and password.
Go to 'Tax' or 'Tax Center' or 'Tax Credit Statement' or 'Form 26AS' or similar option depending on your bank.
Select the assessment year and the format (HTML, PDF or Text) for which you want to download the form.
Enter the password (your date of birth in DDMMYYYY format) to open the form.
Save the form on your computer or mobile device.
Download from TRACES website
TRACES (TDS Reconciliation Analysis and Correction Enabling System) is a web-based application of the Income Tax Department that provides online services related to TDS and TCS. You can also download Form 26AS from TRACES website by following these steps:
Login to TRACES website ( using your user id, password, TAN/PAN and captcha code.
Go to 'Statements/Forms' and click on 'View/Download Form 26AS'.
Select the assessment year and the format (HTML, PDF or Text) for which you want to download the form.
Enter the password (your date of birth in DDMMYYYY format) to open the form.
Save the form on your computer or mobile device.
Benefits of Form 26AS
Form 26AS is a very useful document for filing your ITR as it provides you with various benefits such as:
Verify TDS and TCS details
You can verify whether the tax deducted or collected by your employer, bank, tenant, buyer, etc. has been correctly deposited with the government and credited to your PAN. You can also check whether the TDS or TCS rate applied is as per the prescribed rates. If there is any mismatch or discrepancy in the TDS or TCS details, you can rectify it before filing your ITR.
How to download 26as form from income tax website
Download 26as form in pdf format
Download 26as form for ay 2023-24
Download 26as form online free
Download 26as form from net banking
Download 26as form from traces website
Download 26as form without login
Download 26as form for previous years
Download 26as form in excel format
Download 26as form from e-filing portal
Download 26as form using pan number
Download 26as form for tds refund
Download 26as form for itr filing
Download 26as form with digital signature
Download 26as form from nsdl website
Download 26as form from hdfc bank
Download 26as form from sbi bank
Download 26as form from icici bank
Download 26as form from axis bank
Download 26as form from citibank
Download 26as form from kotak bank
Download 26as form from canara bank
Download 26as form from idbi bank
Download 26as form from indian bank
Download 26as form from union bank
Download 26as form from pnb bank
Download 26as form from bob bank
Download 26as form from boi bank
Download 26as form from iob bank
Download 26as form from yes bank
Download 26as form from indusind bank
Download 26as form from rbl bank
Download 26as form from federal bank
Download 26as form from karur vysya bank
Download 26as form from j&k bank
Download 26as form from karnataka bank
Download 26as form from city union bank
Download 26as form from psb bank
Download 26as form from uco bank
Download 26as form from vijaya bank
How to download and verify your Form 26AS?
How to download Form 26AS in mobile app?
How to download Form 26AS for NRI?
How to download Form 26AS for HUF?
How to download Form 26AS for partnership firm?
How to download Form 26AS for company?
How to download Form 26AS for trust?
How to download Form 26AS for society?
How to download Form 26AS for AOP/BOI?
How to download Form 26AS for co-operative society?
Claim tax refunds
If you have paid excess tax in the form of advance tax, self-assessment tax, TDS or TCS, you can claim a refund of the excess amount while filing your ITR. Form 26AS will show you the amount of tax paid by you and the amount of refund due to you. You can also track the status of your refund through Form 26AS.
Avoid tax notices and penalties
If you do not report all your income sources and tax payments in your ITR, you may receive a notice from the Income Tax Department for under-reporting or misreporting your income. You may also have to pay penalties and interest for such non-compliance. Form 26AS will help you avoid such situations by providing you with a complete picture of your income and tax details. You can reconcile your income and tax payments with Form 26AS and report them correctly in your ITR Conclusion
Form 26AS is a vital document for filing your ITR as it contains all the tax-related information associated with your PAN. You can download Form 26AS from various sources such as income tax e-filing website, bank site through net banking facility, or TRACES website. You can use Form 26AS to verify your TDS and TCS details, claim tax refunds, and avoid tax notices and penalties. You should always check your Form 26AS before filing your ITR and report any errors or discrepancies to the concerned authorities.
FAQs
Q1. What is the difference between Form 16 and Form 26AS?
A1. Form 16 is a certificate issued by your employer that