Everything You Need to Know About 26AS and How It Impacts Your Taxes

Everything You Need to Know About 26AS and How It Impacts Your Taxes

  • Mar 28, 2023

What is 26AS:

Form 26 AS is a statement that provides details of any amount deducted as TDS or TCS from various sources of income of taxpayer. 
It also reflects advance tax or self assessment tax details and high value transations entered by the taxpayer.

Information Available in 26AS:

  • Amount of tax deducted on your income
  • Details regarding the tax collected
  • Details of any tax paid in advance
  • Self-assessment of the tax payment
  • Regular assessment of the deposited tax
  • Details regarding shares, mutual funds, high value transactions, etc.
  • Tax deducted on selling immoveable property
  • Details regarding yearly turnove
  • Details regarding received income tax refund

 

Steps to Download 26AS:

Step1: Visit https://www.incometax.gov.in/iec/foportal/

Step2: Login with your ID and password

Step3: Go to "e-File"

Step4: Go to "Income Tax Returns" on the blue ribbon at the top

Step 5: Click on "View Form 26AS"

Step6: You will be redirected to the "Traces page" where a popup box comes up. Check the box and click "Proceed"

Step7: Click on "View Tax Credit (Form 26AS/ Annual Tax Statement)"

Step8: Select "Assessment Year" and "View AS - html" and Click on "View/Download"

Step9: Then Click on "Export as PDF" and the PDF file for Form 26AS will be downloaded.

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