ITR Filing 2025: The season of filing income tax returns (ITR) has started. Excel utility of ITR-1 and ITR-4 is available for download on the income tax website. So far, more than 1,23,075 people have filed their ITRs. If you are also thinking of the return file, then check an essential document form 26AS because it can save you from notice. If you want to file ITR without mistake and avoid tax notice, then check the form 26AS.
What is Form 26AS?
Form 26AS Income Tax Department is a consolidated tax statement issued. It contains all the tax deduction, advance tax, TCS (tax collected at source), refund and high-value transactions on your PAN. Seeing this, you can know how much tax has been deposited on you and is there no tax missed.
Why is it necessary to see Form 26AS?
Every year thousands of people get tax notice due to a mistake in ITR. In most cases, it is due to not matching information from Form 26AS.
It prevents you from showing under-reporting.
Tax refund does not delay.
The risk of tax scrutiny decreases.
Form 16, interest on FD or earning from share, such as tax from source, is available in it.
If you want you to not get a tax notice, then check the Form 26AS. It decides whether the tDS/TCS has been recorded on you or not.
How to download Form 26AS?
Log in on www.incometax.gov.in.
Go to the Income Tax Returns section.
Click on View Form 26AS.
Traces will be radioarect on the portal.
Choose Assessment Year and download in PDF/HTML.
Focus mistakes
Do not ignore TDS of interest on FD.
Relying only on Form 16.
Non -showing advance tax or self assessment tax
Not matching AIS (Annual Information Statement).
What to do if there is a mistake in Form 26AS?
Contact the institution (such as a bank or employer) and ask them to improve TDS returns.
Enter a complaint on the income tax portal.
Be sure to check the updated form 26AS and AIS before filing ITR
What is the difference between AIS and Form 26AS?
AIS is a new document that gives details of all your financial transactions, such as mutual funds, share, credit card payment, property deal etc. But Form 26AS is still necessary because it contains official information about tax credit.
What is Form 16 and when will you get?
Form 16 is the certificate given by your company, which contains information about your salary and tax deducted on it. This income tax returns are very important at the time of filling. For FY 2024-25, it is necessary to give Form 16, 15 June 2025 to your employer.
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