How to View and Download Form 26AS through TRACES?

What is Form 26AS?

Form 26AS is a consolidated annual statement which is maintained by the Income Tax Department. It contains tax credit information of each Taxpayer against his PAN.

If you have paid any tax on your income or tax has been deducted from it, then Income Tax Department have these details in their Form 26AS database.

For NRIs, if they any income in India such as Interest on NRO account or any salary income and TDS has been deducted on it, then to claim tax credit and view Form 26AS, one has to register himself under Income Tax Department and should have PAN.

• Information about Tax Deducted at Source by deductors like employers; [TDS]
• Information about Tax Collected at Source by collectors; [TCS]
• Advance tax/self-assessment tax paid by the assessee;
• Details of tax refund (if any) made by the department during the last financial year; and
• Annual Information Returns (AIR) details, mostly of high-value transactions in respect of shares, mutual funds, etc.
• Interest received from bank & others without deducting TDS in case of Form 15G/H.

• Foreign remittance information reported in Form 15CC
• Information from the Annexure-II of the last quarter's Form 24Q related to TDS on salary
• Information from other taxpayers' ITRs.
• Interest on a refund of income tax.
• Information on Form 61/61A that could be used to populate the PAN.
• Depository/Registrar and Transfer Agent report off-market transactions.
• The Registrar and Transfer Agent report information on mutual fund dividends.
• The Registrar and Transfer Agent report information regarding mutual fund purchases (RTA).

How does Form 26AS looks like?

To make Form 26AS more approachable, we have attached below a screenshot of an actual traces 26AS form. Have a look at it.

Understanding Form 26 AS

Form 26AS is divided into seven parts which are explained as below:

• Part A: Details of Tax Deducted at Source

  It provides you the details of Tax Deducted at Source (TDS), Interest Income, Pension Income etc. and also mentions the TAN of the deductor, an amount of TDS that has been deducted and deposited with the Government, on a quarterly basis.

  
  1. Part A1: Details of Tax Deducted at Source for 15G/H

     It has details about TDS for Form 15G/15H. In case, Form 15G/15H has not been submitted, this section will display “no transactions present”.

     
  2. Part A2: Details of Tax Deducted at Source on sale of immovable Property u/s 194IA

     It contain details for TDS on sale of immovable property like land, u/s 194-IA

     
• Part B: Details of Tax Collected at Source

  It contain details on Tax Collected at Source (TCS) by a seller of goods

  
• Part C: Details of Tax Paid (other than TDS/TCS)

  It contain details about tax paid other than TDS/TCS such as Advance Tax/Self-Assessment Tax, etc.

  
• Part D: Details of Paid Refund

  It contain details about refunds (if any) which you may have received along with the mode of payment, the amount paid, interest paid and date of payment

  
• Part E: Details of AIR Transaction (High value transactions)

  It contain details of high-value transactions like investment in property, shares or mutual funds etc. For e.g. you may have deposited a large amount of cash in your bank & this might have been reported by the bank to department or other legal authorities.

  
• Part F: Details of Tax Deducted on Sale of Immovable Property u/s 194IA (For Buyer of Property)

  If you have purchased a property & the consideration exceeds ? 50 Lakhs. Then as per Sec 194IA, you have to deduct TDS before making payment to the seller. Part F provide details regarding such transaction.

• Part G: TDS Defaults*(Processing of Defaults)

  If there is any default in processing of statement then such defaults will be mentioned in this part. But it will not show any demand raised by assessing officer.

How can I view Form 26AS (Tax Credit Statement)?

Before filing your income tax return it is advisable to always view 26 AS to check the amount of tax deposited in your account with the income tax department. One can also view my 26AS it by using internet banking facility.
It can be viewed in two ways:-

1). By login in to your income tax filing account on the Income Tax department's e-filing website https://incometaxindiaefiling.gov.in

2). Through your net banking account if your PAN is linked to your bank account.

1) View Form 26AS using Income Tax website

You can download & view your income tax Form 26AS through income tax website. Simply follow the steps given below. In case you haven’t registered on income tax website, visit our page & register yourself within minutes.

• Step 1:

  a) Go to e-filing website “www.incometaxindiaefilling.gov.in”

  b) On top-right side, you will find “Login Here” option. Click on it.

  
• Step 2:

  a) Enter the required details like your PAN Number, Password, Date of Birth/Date of Incorporation, Captcha Code.

  b) Click on Login

  
• Step 3:

  a) Once you login to your account. Take cursor to “My Account” tab.

  b) Click on “My Account”, you will get a drop down list.

  c) From the menu select “View Form 26AS (Tax Credit)”.

  d) Click on “Confirm”. This will take you to the Traces website.

  
• Step 4:

  Now you are at Traces Website. Select the check-box & click on “Proceed” button.

  
• Step 5:

  Click on “View Tax Credit (Form 26AS)” to view your Form 26AS.

  
• Step 6:

  Select “Assessment Year” and “View As” from drop down list.

  If you want to see your 26AS Form online, you can view it by clicking on “View/Download” button.

  If you want to download PDF file, first click on “View/ Download” and then click on “Export as PDF”.

  
• Step 7:

  Your Form 26AS is successfully generated and you can check 26AS by opening your PDF file without any password protection. And you can verify tax details that have been paid by you or on your behalf.

2) How to View 26AS form using internet banking facility

Form 26AS can also be viewed by using internet banking facility. This facility can be availed only if you have account in banks which are approved by the Income Tax Department. We have provided a list below of approved banks for your convenience.

Which banks provide the facility of viewing Form 26AS?

How can I view my Form 26AS with my internet banking account?

Here are the steps to be followed for accessing your 26AS through internet banking -

• Step 1 : Visit http://contents.tdscpc.gov.in/en/netbanking.html
  Or Login to your bank's internet banking website using your internet banking login credentials.

• Step 2 : Click on the option "Tax Credit Statement" or “TRACES (26AS) Services” to view your Form 26AS.

Who can view Form 26AS through net banking facility?

This facility can be used only if you have net banking account in any of the bank's authorised by the Income Tax Department.

What if there is any mismatch in details with Form 26AS?

There may arise certain situations in which, TDS claimed by you in Income Tax Return differs from Form 26AS. The reasons for such difference can be like failure of depositing TDS on time by the deductor or not filing TDS return, quoting of wrong PAN by the deductor etc.

In this case, the A.O. will not allow you to claim credit of taxes already paid (in simple words, only TDS as mentioned in your Form 26AS will be allowed by A.O) And this will lead to payment of double taxes, penalty interest can also be levied upon you for delay in tax payment etc.

So what to do in such cases? You simply need to inform the deductor about such mistake and get it rectified immediately.