Rectifying mismatch between 26AS, Form 16 crucial before filing returns

Taking excess credit during ITR filing could lead to notice from tax dept

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An employer who has deducted tax under Section 192 from the employee’s salary must issue a TDS certificate to her in Form 16

Bindisha Sarang Mumbai

4 min read Last Updated : Jun 22 2021 | 6:10 AM IST

While filing income-tax returns (ITR), begin by checking Form 26AS and comparing it with Form 16. If there are discrepancies in the figures quoted in the two documents, get them corrected to avoid adverse consequences.

Form 26AS a crucial document.

Says Kapil Rana, founder and chairman, HostBooks: “It is the consolidated annual tax credit statement linked to your permanent account number (PAN), which includes details of tax deducted at source (TDS), tax collected at source, advance and self-assessment tax paid, and refund received.”

It also includes details of the sale or purchase of immoveable property and mutual funds, cash deposits,

Topics : Form 16 Income Tax filing I-T return filing tax filing Mutual Funds savings

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