FAQ on Form 26AS

What is Form 26AS?

It is a form issued under Rule 31AB, wherein the following information in relation to a PAN is published:

TDS – Part A & A1 of Form 26AS
TCS – Part B of Form 26AS
Details of tax paid other than TDS / TCS – Part C of Form 26AS
Details of Refund – Part D of Form 26AS
Details of AIR transactions – Part E of Form 26AS

From which Assessment Year (AY) can I view my Form 26AS on TRACES?

You can view your Form 26AS in TRACES from AY 2009-10 onwards.

How is Form 26AS important to a deductor and tax payer?

The TDS / TCS deducted by a deductor is reflected in Form 26AS of the respective PAN and this helps in identifying any discrepancy / error. Although deductor cannot view Form 26AS for a PAN, they can view the TDS / TCS deducted / collected by them.

The credits available in the tax statement confirm that:

The tax deducted / collected by the Deductor / Collector has been deposited to the account of the government
The Deductor / Collector has accurately filed the TDS / TCS return giving details of the tax deducted/collected on your behalf
Bank has properly furnished the details of the tax deposited by you
In future, you will be able to use this consolidated tax statement (Form 26AS) as a proof of tax deducted / collected on your behalf and the tax directly paid by you along with your income tax return, after the need for submission of TDS / TCS certificates and tax payment challans along with income tax returns has been dispensed with by the Income Tax Department (ITD)

What is the period for which Form 26AS is generated?

Form 26AS is generated annually, for a Financial Year.

Who can view Form 26AS?

Only a registered PAN holder can view their Form 26AS on TRACES. Form 26AS can be viewed from FY 2008-09 onwards.

What is booking status in Part A of Form 26AS?

The various booking status available in Part A of Form 26AS in are:

F – Final
- When payment details of TDS / TCS deposited in banks by deductors match with payment details mentioned in the TDS / TCS statement filed by deductor, status is displayed as Final (F)
O – Over booked
- When payment details of TDS / TCS deposited in bank by deductor have matched with details mentioned in the TDS / TCS statement but the amount is over claimed in the statement, status is displayed as Overbooked (O). Final (F) credit will be reflected only when deductor reduces claimed amount in the statement or makes new payment for excess amount claimed in the statement
U – Unmatched
- When payment details mentioned in the statement by deductor cannot be matched or found in OLTAS / banks, status is updated as Unmatched (U)
P – Provisionally Booked
- In the case of Government deductors who make book entry for TDS / TCS payment, details are updated in G-Oltas by filing Form 24G. When the Government deductor files TDS / TCS statements and mentions BIN details and these do not match with G-Oltas data, status is updated as Provisionally Matched (P)

How can I correct if the name and address details given in Form 26AS are incorrect?

You can get the Data corrected by applying in TIN for changes or correction in PAN Data. This request can be made either online or through the existing network of TIN-FCs.

Can I download my Form 26AS statement?

Yes. Form 26AS statement can be downloaded either as PDF / text / excel file. If number of records in Part A / Part B is less than 20,000, Form 26AS can be downloaded as PDF / excel file or viewed as HTML on the screen.

For records greater than 20,000, Form 26AS cannot be viewed as HTML and it also cannot be downloaded as PDF / excel file. You have to download Form 26AS as a text file.

What should Tax Payer do in case details of tax deducted are not appearing in Form 26AS?

Details of tax deducted will appear only after submission of TDS statement by the corresponding deductor. In this case, deductor should be approached to ensure filing of TDS statement with correct PAN.

What if entries in Form 26AS that do not pertain to the deductee?

The respective deductor should be approached for filling correction statement. In case of advance tax / regular tax / self-assessment tax, the jurisdictional AO may be approached for necessary correction.

Whether name and address of Tax Payer can be changed in Form 26AS?

Tax Payer details (name and address) in Form 26AS are reflected as per PAN database. For any change, please submit change request application for PAN (Form 49A) at www.tin-nsdl.com.

What is the password for opening Form 26AS?

The password for opening Form 26AS will be your Date of Birth (in DDMMYYYY format), e.g., if your date of birth is 01-Feb-1980, password will be 01021980.

Seminar on TDS at Mumbai – by ASSOCHAM : TDSMAN as “Automation Partner”

ASSOCHAM is organizing a National Seminar on Tax Deduction at Source (TDS) at Hotel Four Seasons, Worli, Mumbai on 20th June 2014 from 9:30 am to 4:30 pm.

The event is expected to cover a wide range of topics of concern to most organizations. Top officials from the Income Tax Department would be present including the Chief Commissioner to place their views, interact and answer questions. Other speakers include some of eminent professionals who are experts on the subject.

The participation fee for the event is Rs. 4,000. All details about the event are provided on the web link:
http://www.assocham.org/events/showevent.php?id=1009

Please directly contact ASSOCHAM for participation and registration.

TDSMAN is associated with this series of National Seminars as the ‘Automation Partner’ and are confident that the participants would be provided an excellent platform to understand, learn and have doubts clarified. Similar seminar have been conducted at Hyderabad, Kolkata & Chennai.

It will be our endeavor to actively associate ourselves for such prestigious events in future too that would be educative and valuable for all stakeholders in the TDSMAN user fraternity.

CPC(TDS) – Solutions to common enquiries

TRACES has several easy-to-use, online e-Tutorials and FAQs that can be effectively used to get ready answers to your questions.

Following are some of the most common reasons deductors enquire or call TRACES:

What is the status of processing of statements?

CPC(TDS) is glad to inform that the peak load of statement processing has already been taken care of.
The status of processing of statements can be checked in your Dashboard after you login to TRACES.
Please wait for 4 days after the statements have been filed before reaching CPC(TDS) with an enquiry on the above.

Having issues with downloading of TDS Certificates/ Consolidated Files?

If you are unable to submit request for downloading of TDS Certificates or Conso Files, please first check the status of processing of relevant statements. You will be able to submit requests only after the statement has been processed.
Please check the correctness of KYC information for submitting download requests to ensure successful submission of the request.
TRACES is currently experiencing huge volume of requests for download of TDS Certificates. However, they are being made available within a day of submission of request. Please wait for 24 hours before reaching out to CPC(TDS) with an enquiry.
Please refer to our e-Tutorials for detailed assistance on downloading TDS Certificates.
To convert form 16/Form 16A in pdf format, PDF generation utility is required
For downloading Consolidated files, the e-Tutorial can be referred.

Have a problem in password required for various process at TDSCPC?

Click here to Check password for consolidated file, form 26AS, Form 16, Form 16A, Justification report

Have a query related to Intimations sent by CPC(TDS)?

Please download the Justification Report to view the details of Defaults in the TDS Statements.
Please refer to the e-Tutorial for detailed assistance.

Have a query related to Registration/Login?

Please submit correct KYC information for Registration/ Login. Please refer to our e-Tutorial for assistance.
You are requested to wait for an hour, if the Account is locked due to incorrect password. Please retrieve a fresh password and the detailed procedure is specified in the e-Tutorial.
If you need assistance for User ID, the e-Tutorial can be referred for detailed steps.
Please use both the Activation Codes sent on the Registered Mobile Number and e-mail address for the purpose of successful activity.

Flag raised for 15G/H despite Income exceeding the amount of exemption

CPC(TDS) has observed from its records that Flag “B” (for 15G/H Forms) has been wrongly raised in the quarterly TDS Statements. CPC(TDS) has issued a letter to all deductors in this regard.

The letter produced is given as under:

Dear Deductor ( TAN XXXXXXXXXX ),

CPC(TDS) feels glad to provide you with the new feature of downloading Form 27D, the Tax Collection Certificate for Deductees forming part of TCS Statements, filed in the form of 27EQ.

Centralized Processing Cell (TDS) has observed from its records that Flag “B” (for 15G/H Forms) has been wrongly raised in the quarterly TDS Statements as per the provisions of section 197A(1B) of the Income Tax Act, 1961. Following are the provisions of section 197A(1B) for your ready reference:

“The provisions of this section shall not apply where the amount of any income of the nature referred to in sub-section (1) or sub-section (1A), as the case may be, or the aggregate of the amounts of such incomes credited or paid or likely to be credited or paid during the previous year in which such income is to be included exceeds the maximum amount which is not chargeable to income-tax“.

What is Form 15G/ H and its relevance:

Under section 197A of the Income Tax Act 1961, Form 15G / H is a self-declaration, which is provided by a person resident in India (not being a Company or Firm) to their deductor that the tax on his estimated total income of the previous year, in which such income is to be included in computing his total income, will be NIL.
The Declaration is made in the following Forms:
- Form 15H – For Senior Citizens
- Form 15G – For other than Senior Citizens

Consequences, if deductor wrongly raises Flag “B” for Forms 15G/H:

If the deductor raises Flag “B” for non-deduction of tax, despite the total payments made by him exceeding the taxable amount, this results into incorrect reporting in the TDS Statements.

Your attention is invited to provisions of section 201 of the Act, which reads as follows:

Where any person who is required to deduct any sum, does not deduct or does not Pay or after deduction, fails to pay,

the whole or any part of the tax, then such person shall be deemed to be an assessee in default in respect of such tax.

Under section 277 of the Act, if a person makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true is punishable.

This may be noted that obligation to report each transaction correctly in the TDS statements, falls on the deductor and non-compliance amounts to incorrect verification of correctness of TDS statement.

You can reach out to us on ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.

CPC (TDS) is committed to provide best possible services to you.

CPC (TDS) TEAM