![]() It helps in checking whether the deductor has accurately filed the TDS statement or the collector has accurately filled the TCS giving details of Tax Deducted or collected on your behalf.The major purposes that form 26AS fulfill are as follows: Form 26AS is considered as an important financial document as it includes all the tax-related statements.If you make some high-value transactions, such as a purchase of property, investment in mutual funds, etc., these transactions are automatically reported to the Income Tax Department by banks and other authorities through the AIR. ![]() Part E of Form 26AS is responsible for keeping the details of the Annual Information Return (AIR) transactions. Keeping track of this information proves to be helpful to check if you have been paid the tax refunds you have applied for. All the refunds that you have applied for and received will be listed under this section of the annual tax statement. This part of Form 26AS maintained the details of paid refunds. Whenever you deposit advance tax /self-assessment tax directly to the bank, it will upload this information within three days after the cheque has been cleared. If you had already made an Advance tax or Self-assessment tax, information about the same is listed here. The deposit of the amount by the collector to the government is done every quarter.įorm 26AS Part C shows the details of tax paid other than TDS or TCS. Tax collection is done by the seller from the buyer at the time of sale specified category of goods such as toll plaza, parking lot, liquor, etc. This section shows the details of Tax collected at Source. The rate of TDS is applicable to the proceeds on the sale of a property that is 1% as of FY 2019-20. Part 2 of Form 26AS would show a TDS credit on behalf of the seller of a property and can be adjusted against the total tax liability of the property seller. This section of the form reflects details of TDS credit that applies to the sale of house property. This section also enables you to keep track of the earned interest that has not been taxed. There is a zero TDS in these cases because an individual has already given Form 15G/ Form 15H to the institution concerned so they will not deduct any tax based on the information available in the form. It shows transactions of financial institutions such as banks where an individual made a submission of Form 15G/15H. This section of the form shares details regarding tax deducted at source from Form 15G/15H. TDS is deducted by the banks on the interest generated from your investments. This section of the form highlights the TDS deducted from salary or pension income. Part A of Form 26AS contains details of the Tax Deducted at Source in Indian currency. For example: If your date of birth is 15th April 1985 then your Form26AS password would be 15041985. Your Form 26AS password is your DOB in the DDMMYYY format. To open the document, you will be required to enter a password. Post selection, click on the button ‘View/Download’ You can also download your Form 26AS as well in PDF format. Select the Assessment Year and the format (HTML/Text) in which you want to see Form 26AS. Go to ‘My Account and click on ‘View Form 26AS’ in the drop-down menu:Ĭlick on the ‘confirm’ and you will be redirected to the TRACES website.Īgree to the usage or acceptance of Form 16/ Form 16A generated from TRACES and click on the ‘ Proceed’Ĭlick on ‘View Tax Credit (Form 26AS) to view your Form 26AS Click on LOGINĪfter logging into your account, the following screen will appear. Log in to the E-filing Income tax website for download form 26AS.Įnter your PAN number as User ID, password and the captcha code. You can download Form 26AS from the TRACES website or use the net banking facility of authorized banks. The process to download Form 26AS from TRACES Form 26AS and its use by tax authorities are governed by Section 203AA, Rule 31AB of the Income Tax Act, 1961. Form 26AS is also known as an Annual statement which shows a consolidated record of all tax-related information such as refund, TDS or TCS, etc.
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