In case of any discrepancy, the income tax department may issue tax notice to seek explanation for such discrepancies in the figures of income or TDS appearing in Form 26AS and income tax return. Why checking Form 26AS is important before filing income tax returns (ITR)Ī taxpayer should ensure that the income tax return or ITR is in sync with Form 26AS. A taxpayer can check from his Form 26AS whether the payer has actually deposited the TDS amount with the government," says Rahul Singh of Taxmann. These taxes can be in form of TDS (tax deducted at source), TCS (tax collected at source), advance-tax and self-assessment tax. “Form 26AS is the tax passbook which enlists the detail of taxes deposited on account of taxpayer during the financial year.
0 kommentar(er)
