Form 26AS Meaning & How to Download It? | Form 26AS Download Kaise Kare | View TDS Detail

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Welcome to our channel! In today’s detailed video, we dive deep into the world of Form 26AS – a crucial document for Indian taxpayers. Whether you're a salaried professional, a freelancer, or a business owner, understanding Form 26AS can significantly impact your tax planning and filing.

What is Form 26AS?

Form 26AS is an annual statement issued by the Income Tax Department of India. It provides a comprehensive summary of the tax deducted at source (TDS), tax collected at source (TCS), and advance tax payments made throughout the financial year. Essentially, it’s a consolidated tax statement that helps you verify the tax credits available to you and ensures that your tax records are accurate and up-to-date.

How to Download Form 26AS?

Downloading Form 26AS is a straightforward process, but it’s essential to follow the steps carefully to ensure you get the correct document. Here’s a step-by-step guide:

Step 1: Visit the Income Tax e-Filing Portal

Go to the official Income Tax e-Filing website: https://www.incometax.gov.in.

Log in using your credentials. If you don’t have an account, you’ll need to register using your Permanent Account Number (PAN) and other required details.

Step 2: Navigate to the Form 26AS Section

Once logged in, go to the “My Account” tab on the main dashboard.

Click on “View Form 26AS (Tax Credit).” This will redirect you to the TRACES (TDS Reconciliation Analysis and Correction Enabling System) website.

Step 3: Access Form 26AS

On the TRACES website, you’ll need to verify your details and accept the terms and conditions.

Select the assessment year for which you want to download Form 26AS. The statement is available for the financial year corresponding to the assessment year.

Choose the format in which you want to view or download the statement – either as an HTML file, PDF, or Excel sheet.

Step 4: Download and Save

After selecting the format, click on the “View/Download” button.

If you chose PDF format, you might be asked to enter a password (usually the date of birth in DDMMYYYY format).

Save the downloaded file to your computer or device for future reference.

How to Use Form 26AS for Tax Filing

Cross-Verify TDS: Compare the TDS shown in Form 26AS with your income sources. Ensure all deductions are correctly reported.

Reconcile TCS: If you’ve made purchases where TCS was collected, verify these entries as well.

Report Advance Tax Payments: Check if your advance tax payments are correctly reflected in Form 26AS and reconcile them with your tax return.

Check for Errors: If you spot any discrepancies or missing entries, report them to the deductor or the Income Tax Department for correction.

Conclusion

Form 26AS is an essential tool for every taxpayer in India. By understanding how to download and use this statement effectively, you can ensure accurate tax filing, avoid discrepancies, and stay compliant with tax regulations.

If you found this video helpful, don’t forget to like, share, and subscribe for more informative content on taxes, financial planning, and more. Drop any questions you have about Form 26AS in the comments below, and we’ll be happy to help!

Tags: #Form26AS #IncomeTax #TaxFiling #FinancialPlanning #TRACES #TaxCredits #IndiaTaxes #TaxReturn #IncomeTaxIndia #taxadvice

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