Income Tax :- View Tax Credit of Deductee

Friends,   Do you know that you can view Tax Credit Statement of your Deductees ? .  If no , then this article will be helpful for you.   Too many times, it seems that deductee comes with you and says that amount of TDS deducted from his payments by deductor has not been credited in his Form 26AS.  Everyone is not aware about Form 26AS. He have received this information from his consultant etc.   In such a position , deductor requires Login I.D and Password of Deductee to view the tax credit. But deductee has not such details.   Now mutual understanding goes in rain. 

                However to resolve such type of issues, TDSCPC has provided a link to deductor to view the Tax Credit of Deductee.   This information is available under Statements / Payments after login at www.tdscpc.gov.in.   

The above information is available PAN wise,  Quarter wise which is very much helpful between DEDUCTOR AND DEDUCTEES.

 

e-TDS :- What to do if Discrepancies appear in actual TDS and TDS credit as per Form 26AS ?

                 Every person deducting tax at source has to furnish the details of tax deducted by him to the Income-tax Department. The details will cover the name of the deductee, Permanent Account Number of the deductee, amount of tax deducted, amount paid to the deductee, date of payment of TDS to the credit of Government, etc. On the basis of the details of TDS provided by the deductor, the Income-tax Department will update Form 26AS of the deductee.

               Many times the actual amount of TDS and TDS credit as appearing in Form 26AS may differ and it may happen that the TDS credit appearing in Form 26AS may be less as compared to actual TDS, this may happen due to reasons like non-furnishing of TDS details to the Income-tax Department by the deductor, deducting the tax in incorrect Permanent Account Number, etc. In such a case the deductee should approach the deductor and request him to take the necessary steps to rectify the discrepancy due to above reasons. 

               The Income-tax Department updates the TDS details in Form 26AS on basis of details provided by the person deducting the tax (i.e., the deductor), hence, if there is any default on the part of deductor like non -furnishing of TDS details (i.e., TDS return) to the Income-tax Department, deducting the tax in incorrect Permanents Account Number, etc. then Form 26AS will not reflect the actual TDS. In such a case, the taxpayer may not be able to claim the credit of correct TDS. Hence, the taxpayers are advised to confirm the tax credit appearing in Form 26AS and should reconcile the difference, if any. 

TDS Credit on the Basis of Certificate

RETURN OF INCOME – CREDIT OF TDS U/S 199 TO AN ASSESSEE WHEN THE TAX DEDUCTED HAS BEEN DEPOSITED WITH REVENUE BY DEDUCTOR – DIRECTION OF HON’BLE DELHI HC IN THE CASE ‘COURT ON ITS OWN MOTION Versus UNION OF INDIA & ORS. IN WP(C) 2659/2012 & WP(C) 5443/2012′dated 14/03/2013

INSTRUCTION NO. 5/2013, DATED 8-7-2013

1. The CBDT issues instructions with respect to processing of Income-tax returns and giving credit for TDS thereon in the case of TDS mismatch. A few of the instructions on this subject issued in previous years are Instruction No. 1/2010 (25-2-2010) for returns pertaining to A.Y, 2008-09; Instruction No. 05/2010 (21-7-2010), Instruction No. 07/2010 (16-8-2010) and Instruction No. 09/2010 (9-12-2010) for returns pertaining to AY. 2009-10; Instruction No. 02/2011 (9-2-2011) for returns pertaining to A.Y. 2010-11; and Instruction No. 1/2012 (2-2-2012) and Instruction No. 04/2012 (25-5-2012) for returns pertaining to A.Y. 2011-12. The instructions gave decisions and the manner in which the TDS claims were to be given credit while clearing the backlog of returns pending processing. In the cases that did not fall under the specific TDS amount limit or refund amount computed, the residuary clause in these instructions gave the manner of processing those returns and it stated that “TDS credit shall be given after due verification “.

2. The Hon’ble Delhi High Court vide its judgment in the case ‘Court On its Own Motion v. UOI and Ors. (W.P. (C) 2659/2012 & W.P. (C) 5443/2012 dated 14-3-2013) has issued seven mandamusesfor necessary action by Income-tax Department, one of which is regarding the issue of non-credit of TDS to the taxpayer due to TDS mismatch despite the assessee furnishing before the Assessing Officer, TDS certificate issued by the deductor.

3. In view of the order of the Hon’ble Delhi High Court (reference: para 50 of the order); it has been decided by the Board that when an assessee approaches the Assessing Officer with requisite details and particulars in the form of TDS certificate as an evidence against any mismatched amount, the said Assessing Officer will verify whether or not the deductor has made payment of the TDS in the Government Account and if the payment has been made, credit of the same should be given to the assessee. However, the Assessing Officer is at liberty to ascertain and verify the true and correct position about the TDS with the relevant AO (TDS). The AO may also, if deemed necessary, issue a notice to the deductor to compel him to file correction statement as per the procedure laid down.

4. Thus, the manner laid down by the Hon’ble HC in the above mandamus may be one of the method of due verification as mentioned in the various instructions referred in para (1) above.

5. This may be brought to notice of all Officers working under your jurisdiction for compliance.

[F.NO.275/03/2013-IT(B)],

Income Tax :-View Tax Credit (26AS) free of cost

Friends, 

              It is known by everyone that Form 26AS (tax credit in your pan) can be viewed through income tax e-filing website.  Some time this link do not work due to technical reasons as at this time it is not working.  In such position,  Tax payer or user can use Internet Banking or can register himself on tdscps.gov.in as Tax Payer.  This registration is similar as earlier was on tin-nsdl.com.  Difference in both is that it was chargeable on tin-nsdl.com and it is free on tdscpc.gov.in. 

Why it is necessary to check before filing Income Tax return ?

             Checking of 26AS  is not mandatory before filing Income Tax return.  But it is too much important to check in the interest of Assessee or Tax Payer.  In case Assessee do not check this form before filing Income Tax Return, there may be lot of confusion regarding TDS deducted or Tax Deposited which will increase correspondence between Income Tax department or Assessee.   

Registration Procedure at TRACES (www.tdscpc.gov.in)

             Two type of registrations are available on www.tdscpc.gov.in, one for Deductor and second for Tax Payer.  Registration under Deductor works for TDS environment and under Tax Payer shows Form 26AS of Pan Holder. 

-Tax Payer registration is for registering a PAN on TRACES

-Individuals and non-individuals can register their PAN on TRACES

-Tax Payer will be able to see Form 26AS after registration

Step-1:

• Fields marked by asterisk (*) are mandatory
  
• Enter PAN, Date of Birth and Name of the tax payer who is being registered on TRACES
  
• Non-individuals must enter Date of Incorporation in Date of Birth field
  
• Name as on PAN card must be entered
  
• It is mandatory to enter either TAN of Deductor, Type of Deduction, Month-Year and TDS / TCS Amount (Option 1) or Assessment Year, Challan Serial Number and Amount (Option 2)
  
• In Option 1, you can enter TAN of any deductor who has deducted TDS / TCS for your PAN from April 1, 2011 onwards
  
• In Option 2, you must enter details of advance tax / self-assessment tax / tax on regular assessment / surtax / tax on distributed profits / tax on distributed income paid by you
  
• If values are entered for all fields in both Option 1 and 2, Option 1 will be considered for validation
  
• Amount should be entered in two decimal places (e.g., 1234.56)
  
• Enter image as displayed in Captcha in the text box
  
• Click on 'Refresh ' icon next to Captcha image to view another image

-If user has registered on TRACES but not activated the account and if the 24 hours deadline for activation has not lapsed, user can opt for the activation link to be resent by filling up details in Step-1 and submitting the same. Deadline for account activation will remain the same and will not be extended

-If user has registered on TRACES but not activated the account and if the 24 hours deadline for activation has lapsed, user can register again on TRACES as new user

Income Tax :- Importance of 26AS for deductor or Tax Payer

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

TDS :-How can I know if my deductor has filed the quarterly statement reflecting details for my PAN?

You can check on TRACES (www.tdscpc.gov.in) if deductor has filed quarterly statement and whether the statement contains details for your PAN. This functionality can be accessed by Tax Payer without logging in to TRACES.

Click on ‘View TDS / TCS Credit’ link under Quick Links in Tax Payer tab in TRACES home page. Enter details as requested on the screen and proceed. ‘Remarks’ will specify if quarterly statement (for the inputs entered by you) has been filed by deductor. ‘Count of Records Present’ indicates number of records for your PAN in the statement.

TAN : - How can i register my TAN Number or collect Consolidated file.

Presently, tan holders are using TAN registration facility at www.tin-nsdl.com.  But now Income Tax Department has stopped TAN Registration at www.tin-nsdl.com.   A new website www.tdscpc.gov.in has been created regarding all issues related to TDS like  TAN Registration, Pan Verification, View Default Summary, File Online Correction statement with or without digital signature or e-signature, download form 16 or 16a or 27D or 27A, view communication in box etc.  There are lot of new features at www.tdscpc.gov.in.   Sign Up  details on the said website are given as detailed below :-

• Fields marked by asterisk (*) are mandatory
• Deductor registration is for registering a TAN on TRACES
• Each TAN will have one Admin User
• When a TAN registers on TRACES for the first time, Admin User account will be created for the TAN
• After registration, Admin User can login to TRACES and add upto 4 sub-users for the TAN
• All functionalities remain same for Admin User and sub-users, except that filing of online correction can be done only by Admin User. Sub-user can prepare online correction statement and submit to Admin User and Admin User will submit to ITD
• User can register on TRACES without digital signature
• It is not mandatory to file correction statement on TRACES using digital signature
• Digital Signature or e-Signature can be registered later through the Profile section
• Some of the functionalities that will be available for deductor after registering on TRACES are:
  • View Challan Status
  • PAN Verification
  • View Default Summary
  • File Online Correction with / without Digital Signature or e-Signature
  • Upload Correction Statement (offline correction)
  • Download Form 16 / 16A / 27D / 27A
  • View communication in Inbox
• Step-1:
  • Enter TAN and either Token Number or TAN Registration Number
  • Token Number (Provisional Receipt Number) should be of an accepted statement (regular or correction) filed on or after April 1, 2010
  • TAN Registration Number should be the 12-digit alpha-numeric value generated during online TAN registration on TIN
  • If both Token Number and TAN Registration Number are entered, Token Number will be considered for validation
• User must have filed at least one statement in TIN to be able to register on TRACES
• If user has registered on TRACES but not activated its account and if the 24 hours deadline for activation has not lapsed, user can opt for the activation link to be resent by filling up details in Step-1 and submitting the same. Deadline for account activation will remain the same and will not be extended

FAQ :- Pan Ledger

 Q1-From which financial year will the Annual Statement under Sec. 203AA (Form No. 26AS) be issued?

           The annual statement (Form No. 26AS) will be issued for all tax deducted and tax collected at source from FY 2005-06 onwards after the expiry of the financial year.

Q2-How will the PAN-wise ledger account be created by NSDL in respect of payment of TDS made by deductors in banks?

         The PAN-wise ledger account will be created after matching the information in the TDS/TCS statements filed by the deductor/collector and the details of tax deposited in banks coming through On Line Tax Account System (OLTAS).

Q3-What essential information should be given in the quarterly statements to enable accurate generation of PAN-wise ledger account?

             The accuracy of PAN-wise ledger account will depend on:

• Correct quoting of TAN by the deductor.
• Correct quoting of PAN of deductor.
• Correct and complete quoting of PAN of deductee.
• Correct quoting of CIN (Challan Identification Number) wherever payment is made by challan.

Q4-Will a deductee be able to view his ledger account on NSDL-TIN website?

          Yes. The scheme for such views is expected to be notified by ITD soon.

26AS,PAN LEDGER,TAX VIEW THROUGH NET BANKING FACILITY

Friends,  Now Form 26AS or PAN Ledger is not new for Income Tax Assesses.   Online view of Tax Credit Statement (Form 26AS) of taxpayers is available to net banking account holder of 26 registered banks for the benefits of the Tax Payer. 

PAN Number is not Available with Income Tax Department

              I have an experience for viewing 26AS with Internet Banking which I want to share with you that as and when, I tried to open 26AS through Net Banking facility through Bank of Baroda.  It shows that Database is not available with Income Tax Department.  I was surprised that 26AS was properly working with other banks except Bank of Baroda.  Then I check PAN  Number specifically and found that bank has entered PAN number with spaces as given under :-

ABCDE 9999 L

Don't Submit ITR without Verification of 26AS or PAN Ledger with Income Tax Department

Friends,  I think now 26AS is not new word for assessee, every assessee  know about Form 26AS that Annual Statement of  Pan Ledger with Income Tax Department is called Form 26AS.  Return submission without verification of PAN ledger with Income Tax Department through Form 26AS may arise many problems like Refund Not Received, communication with income tax department etc.  To avoid such type of queries, every assessee should check status of Form 26AS before submission of his Income  Tax Return, so that queries can be resolved in time. 

        Checking of status of Form 26AS is not compulsory only for individuals, but it is necessary to all either companies, partnership firm, huf, Govt. Institution (State or Central), trust etc. 

           Status of Form 26AS or PAN ledger with Income Tax Department can be viewed through below sources :-

• Internet Banking  -Free
• e-filling Login      -Free
• Registration to view Tax Credit through Nodal Center. -Chargeable

Know Address of Pan (Click Here)

To know more regarding 26AS (Click Here)

Online Registration Form 26AS through Nodal Center (Click Here)

Importance of Form 26AS before submission of Income Tax Return.

Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains Details of tax deducted on behalf of the taxpayer by deductors Details of tax collected on behalf of the taxpayer by collectors Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders) Details of paid refund received during the financial year Details of the High value Transactions in respect of shares, mutual fund etc.

The Tax Credit Statement (Form 26AS) are generated wherein valid PAN has been reported in the TDS statements. Tax Credits Statement (Form 26AS) can be viewed/accessed through 3 ways : 1. View Tax Credit from https://incometaxindiaefiling.gov.in Taxpayers who are registered at the above potal viz. https://incometaxindiaefiling.gov.in can view 26AS by clicking on 'View Tax Credit Statement (From 26AS)' in "My Account". The facility is available free of cost.  For "New Registration", Click on 'Register' on the portal. The registration process is user-friendly and takes minimal time. View Demo 2. View Tax Credit (Form 26AS) from bank site through net banking facility The facility is available to a PAN holder having net banking account with any of authorized banks. View of Tax Credit Statement (Form 26AS) is available only if the PAN is mapped to that particular account. The facility is available for free of cost. View Demo List of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below       1. Axis Bank Limited        2. Bank of India        3. Bank of Maharashtra       4. Citibank N.A.       5. Corporation Bank       6. ICICI Bank Limited       7. IDBI Bank Limited       8. Indian Overseas Bank       9. Indian Bank       10. Kotak Mahindra Bank Limited        11. Oriental Bank of Commerce       12. State Bank of India       13. State Bank of Mysore       14. State Bank of Travancore       15. The Federal Bank Limited       16. UCO Bank       17. Union Bank of India       18. Bank of Baroda       19. Karnataka Bank       20. The Saraswat Co-operative Bank Limited       21. City Union Bank Limited       22. State Bank of Patiala 3. View Tax Credit (Form 26AS) from TIN website The facility is available to PANs that are registered with Tax Information Network for view of 26AS statement. The PAN holder has to fill up an online Registration form for such purpose. Thereafter, verification of PAN holder's identity is done by the TIN-Facilitation Centre personnel either at PAN holder's address or at the TIN-facilitation center that has been chosen by the PAN holder. The verification involves a cost at prescribed rates. Once authorised, the PAN holder can view Tax Credit Statement online.

What to do when Refund of Income Tax received in Less/Short

Friends,    In many refund cases, it has been found that assessee has received less amount of Income Tax out of  claimed amount.  One out of many reasons is that data of income tax does not match with the data of income tax available in 26AS.   In such cases assessees are right and form 16a is available with them, but deductor has not submitted their e-tds returns correctly due to many reasons like wrong pan number, wrong cin number, wrong date of deposit of challan and others. 

        To resolve this type issues, a press release was released on 10th February 2011 vide NO. 402/92/2009-MC (03 of 2011) by Government of Income /Ministry of  Finance, regarding issuance of refund  without matching data available in 26AS under limit of Rs. 1 lakh, simply verification is required from dedcutor/collector to avoid refund  frauds.  

             Sufferer/Assessee can claim balance amount of Income Tax/Refund from Income Tax Department. Complete Press Release can be read/downloaded as under :-

No.402/92/2006-MC (03 of 2011)

Government of India / Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

***

New Delhi dated the 10th February 2011

PRESS RELEASE

       India has entered into its third Tax Information Exchange Agreement (TIEA) with the British Virgin Islands. The Agreement was signed on 9th February 2011 by the High Commissioner of India to United Kingdom on behalf of India and the Deputy Premier on behalf of British Virgin Islands. The agreement provides for sharing information, including exchange of banking and ownership information, and also of past information in criminal tax matters. Earlier, India had signed similar TIEAs with Isle of Man and Bermuda. 

     

      In order to further reduce litigation, the Central Board of Direct Taxes (CBDT) has enhanced the limits for filing appeals against taxpayers in the Income Tax Appellate Tribunal, High Court and Supreme Court, from tax effect of Rs.2 lakh, Rs.4 lakh and Rs.10 lakh, respectively, to Rs.3 lakh, Rs.10 lakh and Rs.25 lakh, respectively.

     In order to speed up refunds, TDS claims in all tax returns (ITR-1 to ITR-6) will be accepted without verification if the difference between the amount claimed in the return and the amount reflected in the TDS return (AS-26 statement) does not exceed one lakh rupees. This will enable the Income Tax department clear nearly 95 percent refunds without verifying each TDS claim. Cases with zero-matching, invalid TAN and difference exceeding Rs. 1 lakh will, however, be cleared only after due verification. This precaution is necessary to avoid refund frauds. 

    Earlier, the Chairman CBDT had directed all Chief Commissioners to upload necessary data so that the refunds can be issued expeditiously. It will be for the first time that most income tax refunds of the current assessment year will be dispatched to the taxpayers within the current

financial year itself.

XXX

How to Know Address of PAN

Friends,  It is general requirement to know what is Address of a PAN.  There may be many sources to know the address of PAN, out of which one is Form 26AS.  Form 26AS do not display only TAX ledger with Income Tax Department of a Particular Pan, but also display Address of A PAN.  By default this link is hide.  With the help of  (+) or (-) button, address of a PAN can be checked as shown in black circle in below picture. 

(-) or (+) button can be changed with the help of mouse button.

Form 26AS Data in Excel

If you require data of Form 26AS in M.S. Excel , this post will  be helpful for you.  Data of Form 26AS in excel is required due to bulk entries.  I mean to say in case you have collected Form 16A or 16 in bulk from different parties or there are too many entries in a single Form,  excel data of Form 26AS is helpful for e-filing of Income Tax Return.

It is already explained that registration of Form 26AS is available through three sources which are given in brief as under :-

1. Through registration at nodal center or www.tin-nsdl.com (Paid Service)
2. Through Net-banking in some banks. (Free Service)
3. Through Login for e-filing under My Returns links. (Free Service)

After successful registration or Login for e-filing, data of form 26AS or Tax Ledger of a Pan with Income Tax Department can be viewed.   If a person submit his Income Tax Return after confirmation of  Tax amount available in form 26AS, there will be less complication with Income Tax Department in future.  Therefore it is highly recommended to check Form 26AS before submit your Income Tax Return. 

How to view Data of Form 26AS in Excel :-

             Yes, lot of person knows that what is Form 26AS, but they do not know that how it can open in Microsoft Excel.  First of all view Form 26AS on your computer screen and then save it on pressing Right Key of the mouse or Alt+F (depends upon your internet explorer) and use Save As option. There will be one file and one folder on storage.   Data of form 26AS will be  stored normally in a file name "Form 26AS.htm"   and folder name "Form 26AS_files". Picture view of file and folder  are given   as under :-

  Now, to view data in Excel sheet , right click on Form 26AS.htm and open with in excel file.  Your data will be available in excel.  Copy TAN number of deductor , Amount of Payment, Amount of TDS fields  and Paste them for e-filing .   Really , it makes very easy and accurate e-filing.  Picture view for selecting file in excel is also available below :-

Second way to convert file in excel.   Just rename file "Form 26AS.htm (as shown in above picture) to "Form 26AS.xls".   It is enough data is ready to open in excel.

Recommendation:-
It will be more better when NSDL or other Programmers will provide facility to import downloaded file from 26AS directly in e-filing.   After that e-filing process will become more easy and accurate.


Enjoy

How to Open Form 26AS

Friends

              It is clear that form 26AS can be downloaded from Income Tax website free of cost.  Earlier a petty amount has to be deposited at NSDL center for it's registration.   Under "My Account" link after e-filing login, Form 26AS can be easily viewed.   In middle of the form there is facility to download the form 26AS.  After download  form 26AS can be checked without connecting Internet connection.  I mean to say form 26AS can be viewed in offline mode.  Form 26AS is like a Tax Ledger with the Income Tax Department of a Particular Pan.   There is some technicality to view the downloaded file.  Date of Birth of the Assessee is required to view the file for which form 26as has been downloaded.  Format of Date of Birth is  DDMMYYYY as password to open the file.  i.e. your date of birth is  05-Jan-2010.   Your password will be  05012010.   Keep in mind there is no need of date separator.   Some time your feeling will be  that  view of the file is not correct.   In fact it is your problem.  It is also require some technicality which can be cleared with the below picture.  

    

I think after viewing above picture, there is no doubt to open the downloaded form 26AS.

In more detail  click on the downloaded zip file > right click on the file > select view file option >click > enter Date of Birth as password (Format DDMMYYYY).   File can be easily viewed here. 

Refund of Income Tax

Friends,

               I want to share my experience regarding Refund of Income Tax.  Recently  I have checked that Income Tax Department refund Income Tax on the basis of Form26AS instead of Form 16 or 16A.   Everyone feel free on receipt of form 16 or form 16A from deductor and submit our Income Tax Return on the basis of  Form16 or Form16a.   Income Tax Department refund/adjust amount of TDS after a gap of one year and issue Tax Deposit Challan (280 in case of Individual) on account of  due tax against assesses.  In refund cases,  assessee wait for his refund but they do not receive their refund amount from Income Tax Department.   

                 Keeping in view of above position,   specifically I have checked Form 16A issued by Nationalised Bank like as State Bank of India and Punjab National Bank etc., are totally wrong.   Assesses are suffering badly on account of refund of Income Tax or Adjustment of Income Tax amount.  I have got these errors on viewing Tax Credit in Form 26AS which is now totally free of charge.  There is no charges if we use Form 26AS under  My Account through e-filling procedure.   To avoid this type of frustration, Don't submit your Income Tax Return without confirmation of TDS amount in  your PAN through Form 26AS.  

View Tax Credit (Form 26AS)

Friends,

Income Tax Account Statement, View Tax Credit, Form 26AS

                View your Income Tax account statement with the Income Tax Department through Form 26AS.  Initially there is only one source to view the Income Tax amount.  Now Income Tax Department provide three sources to view income Tax amount under a PAN.  It is highly recommended to get fast and easy refund/adjustment of income tax, to view your income tax amount before submission of your Income Tax Return.   If return is  submitted after viewing your Tax credit in your pan,  there is no chance to receive less refund amount (except any calculation error).   Most of deductors make mistake  while writing PAN number during uploading e-tds/etcs reutun.   We can approach them to rectify the errors if the concerned amount in not showing in our PAN.   Now,  we discus regarding three source of Form 26AS.

1. Through Nodal Center (Tin-FC).
2. Internet Banking
3. e-filling Procedure

Registration Through Nodal Center

             Form 26AS registration can be done through Nodal Center.  Nodal center charge some money  for it's registration.  It is first method for Registration of Form 26AS, introduced by the Income Tax Department. 

• Tin-Fc charge Rs. 17.00 (i.e. Rs.15.00+service Tax) for authorisation of registration request when PAN holder personally visits the Tin-Fc
• Tin-Fc charges Rs. 110.00 (i.e. Rs. 100+ service Tax) for authorisation of registration request when official of TIN-FC visits with the PAN holder on the request of PAN holder.
• In case PAN holder forget his user id and password and PAN holder  use Rest Registration.  Above charges are applicable for RESET registration.

Registration Through Internet Banking 

                 Second option is Internet Banking facility,  In the following banks, this facility is available to view tax credit.  Only net banking account is required in the following banks for viewing income tax statement.  In this case bank should get registered self with the NSDL (National Securities Depository Limited).  Bank do not charge any amount with your account holder for Pan Holder. List of registered banks are given as under.

• Citibank N.A.
• Corporation Bank
• IDBI Bank Limited
• Indian Overseas Bank
• State Bank of India
• Union Bank of India.

Registration Through e-filling

                   Third and finally, Income Tax Department has provided free Income Tax Statement (Form 26AS) under My Account Link after registration for e-filling.   It is also easy and practical.   There is no charges for registration and no need of  Net Banking Account Holder.   Step by step procedure can be watched after clicking on title of this post. 

Form 26AS (View Tax Credit Statement) New Registration Procedure via e-filling

Friends,

              Now, everyone can watch his income tax deducted/self  deposited at any place in India Under his PAN (Permanent Account Number) in a single screen through Form 26AS. This facility is totally free through login for e-filling link.After login for-filling , there is link of "View Tax Credit Statement (Form 26AS)"  under My Account as shown in below Picture.

Click on "View Tax Credit Statement",a confirmation screen will be displayed.  On confirmation, a form containing some options will be appeared which will be displayed as shown in below picture:-

             On pressing "Submit" button , your form 26AS ("View Tax Credit Statement") will be on your screen. In this way, you check check your all amount of Income Tax whether it is  deposited by you as self deposit or it was deducted and  deposited by any other person as TDS. Initially there was nominal charges through registration at NSDL Centre. After that it was provided through Net Banking. In net Banking , there was lot of problems, some users do not want to share his PAN numbers with the Bank. Now it is too much easy through simple login at for www.incometaxindia.gov.in for e-filling.

• New Saral-11 (ITR-1) and ITR Forms
• Form 16A New Excel Based Format
• Form 16    New Excel Based Format
• Form 27D New Excel Based Format
• Form 27A New Excel Based Format
• Download another Important Forms
• Challan Number 280 or 281 

Form 26AS through Net Banking

Friends,

Free Registration Form 26AS through Internet Banking

                As you know that Form 26AS facility is available through Net Banking. An individual who is using Internet Banking can view his amount of Income Tax after login in Internet Banking.  I have checked this facility in following bank which is excellent. 

1. State Bank of India  (Pan Number will be Registered at home branch)
2. Indian Overseas Bank (On line Pan Registration available)

              Display of data in Form 26AS has been divided in 3 parts named Part A, Part B, Part C. 

• Part A  shows amount of tax which has been deposited through TDS (Tax Deduction at Source) by any deductor either for Section Code 94A,94B,94C or any code. 
• Part B shows amount of tax collected at source (TCS) by the seller of goods at the time of  sales made to you. 
• Part C shows amount of tax deposited by you  as Advance Tax , Self Assessment Tax along with challan details. 
• Refund Status  What is your refund status.  Form 26AS shows also your refund status.  It is not compulsory that refund status will be displayed only those assessee who have submitted their return on-line.  It means in case your return is submitted manually,  Income Tax Refund Status can be checked through From 26AS. 

State Bank of India has named This Facility "View Tax Credit In Form 26AS" under  e-tax link. 

*Charges for Using this facility through Internet Banking  is nil , However NSDL charge nominal charges for registration which is given as under:- 

a) TIN-FC will charge Rs.17 (i.e. Rs.15 + service tax) for authorisation of registration request, when PAN holder personally visits the TIN-FC.

b) TIN-FC will charge Rs.110 (i.e. Rs.100 + service tax) for authorisation of registration request in case where PAN holder opts for TIN-FC to visit him.

c) Above charges are also applicable for authorizing Reset Registration.

Your Refund of Income Tax

Friends

                          Now a days,  refund of Income Tax are being made by Income Tax Department on the basis of Income Tax available with Income Tax Department in particular PAN.  Amount of Income Tax can be verified by anyone of his PAN Number through registration of Form 26AS.  You may also register Form 26AS  yourself and check your Income Tax amount available with Income Tax Department after successfully registration and verification  of Form 26AS.  To know more regarding registration of Form 26AS (Click Here).

                        In case your refund of Income Tax has not been received for the previous years till date.  There may be following reasons.

1. Deductor has not deposited your Income Tax as he has deducted on account of TDS.
2. Deductor has not uploaded etds/etcs return.
3. Correct Pan Number has not been mentioned in etds/etcs return by the Deductor. 
4. Bank has not uploaded Challan Number in Correct Tan.
5. Your refund may be in process in the hand of Income Tax Department,

                           Mostly all above queries can be checked yourself after registration of   26AS form. It means we should check Form26AS detail time to time so that  amount of Income Tax can be confirmed before submission of  Income Tax Return.

                                 In form 26AS, detail of refund of Income Tax  is also available.  Just login your account and check your refund status.