
However, till this new statement is entirely operational, Form 26AS will continue to be available on the TRACES portal. The new AIS statement is all set to replace the existing Form 26AS. Recently, the income tax department has launched the Annual Information Statement (AIS). In case of any error, it should be fixed as mentioned above. Hence, one should verify this form before filing the ITR to check the accuracy of the tax deducted and deposited by the deductors. This is the amount the government has against your PAN towards taxes. It should be noted that an individual taxpayer will be able to get tax credit only for the amount reflected in Form 26AS.
To request the bank to rectify the mistake if there was a mistake in the challan details uploaded by the bank.
File a correction statement if the deductor had made a mistake in the challan details.To file a correction statement for TDS or TCS if the deductor missed providing your details or you failed to provide PAN to him before he filed the TDS or TCS return.In case of an error in quoting PAN, rectify the PAN using a PAN correction statement in the TDS or TCS statement.
To file a TDS or TCS statement if it has not been filed. Once the cause is identified, request the deductor as below: Incorrect details of challan against which your TDS or TCS was deposited in the statement filed or wrongly quoted challan details uploaded by the bankįirstly, you need to identify the reason for which your TDS or TCS is not reflected. The deductor or collector has missed quoting your PAN. You have provided the correct PAN, but the tax deductor or collector has made an error in quoting your PAN in the TDS or TCS return. Incorrect PAN in records with the tax deductor or collector. You have failed to provide PAN to your tax deductor or collector. The tax deductor or collector has not filed a TDS or TCS return. The possible reasons for a tax credit not being displayed in your Form 26A are listed below: If you have paid your income tax, but its particulars are not found against your PAN, you need to identify and then rectify the error. This statement shows the tax either deposited by you or on your behalf with the government. Form 26AS is the tax credit statement showing all the details of tax deducted, tax collected, advance taxes and self-assessment taxes paid in a single report.