Filing your Income Tax Return (ITR) can be straightforward if you follow the right steps.
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๐๐ก๐ฒ ๐๐๐ซ๐ข๐๐ฒ ๐
๐จ๐ซ๐ฆ ๐๐๐๐?
Form 26AS is a consolidated tax statement that includes details of tax deducted at source (TDS), tax collected at source (TCS), advance tax, and self-assessment tax paid. Ensuring the accuracy of this form is crucial for a smooth filing process.
๐ ๐๐ญ๐๐ฉ๐ฌ ๐ญ๐จ ๐๐๐ซ๐ข๐๐ฒ ๐
๐จ๐ซ๐ฆ ๐๐๐๐:
Access Form 26AS: Log in to the Income Tax e-Filing portal using your credentials.
๐๐จ๐ฐ ๐ญ๐จ ๐๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ญ๐จ ๐
๐จ๐ซ๐ฆ ๐๐๐๐:
โข Under the ‘My Account’ tab, select ‘View Form 26AS’.
โข Verify Details: Cross-check the TDS/TCS entries with your records, including salary slips, bank statements, and other relevant documents.
โข Report Discrepancies: If you find any discrepancies, report them to the deductor or the Income Tax Department promptly.
โ ๏ธ ๐๐จ๐ง๐ฌ๐๐ช๐ฎ๐๐ง๐๐๐ฌ ๐จ๐ ๐๐ ๐ง๐จ๐ซ๐ข๐ง๐ ๐
๐จ๐ซ๐ฆ ๐๐๐๐:
โข Delayed Refunds: Incorrect TDS details can lead to delays in processing refunds.
โข Tax Notices: Discrepancies may trigger notices from the Income Tax Department.
๐๐๐ง๐๐ฅ๐ญ๐ข๐๐ฌ: Failing to report accurate information can result in penalties.
๐ก ๐๐ซ๐จ ๐๐ข๐ฉ: Regularly monitor your Form 26AS throughout the financial year to ensure all TDS/TCS entries are accurately reflected. This proactive approach will make the filing process smoother and help avoid last-minute issues.
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