TRACES :- View Deduction Detail of Deductee

Friends,  PAN wise deduction detail of Deductees can be viewed after login at www.tdscpc.gov.in.   In the other word,  TAN holder can View Tax Credit of their deductees with the help of  his PAN.   Path or location at TRACES is given in below picture -1 after login at www.tdscpc.gov.in. 

Picture -1

Just enter PAN of deductee and statement detail as required in picture -2 and check tds detail of deductee. 

Picture -2

With the help of above link, TAN holder can satisfy his deductee regarding deduction of TDS and deposit of TDS in his PAN.   It is alternate provision of 26AS.  26AS can be checked by deductee and above detail can be checked by Deductor after login TAN. 

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)

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.

Income Tax Credit Statement

Friends, 

                  Income Tax Credit Statement (in the shape of form 26AS) helps us to 

1) Verify TDS credits and tay payments

2) Prepare Income Tax Returns

3) Speedy Tax Refunds. 

               With the help of form 26AS , we can know income tax amount available in our Pan  either deposit through TDS or Self Deposit by us.  If there is any discrepancy in our income tax amount via  From 26AS,  we can correct errors before submit  Income Tax Return. 

               It is highly recommended that Income Tax Amount through Form 26As should be checked  before submit Income Tax Return. 

                  

To register form 26AS  and to know more regarding form 26AS   Click Here. 

On line Income Tax Calculator and ITR's forms for Financial Year 2009-10 (Assessment Year 2010-11)

Know your Income Tax Amount

Friends

There are two procedure to deposit Income Tax in your Pan Number (Permanent Account Number) which is given as under:-

• Income Tax deposit by you (Self Deposit).
• Income Tax deposit by deductor (TDS)

In the first case their is no problem to confirm the income tax amount deposited by yourself. The bank deposit receipt is in your hand.

But in the case of TDS, you are helpless. It is in the hand of Deductor. I mean to say that deductor deduct income tax in the shape of TDS from your income and deposit the same under his TAN (Tax Deduction Account Number). After that he submit his etds/etcs return mentioning your pan number. If he submit correct pan number in etds/etcs return, amount of income tax credited in your pan otherwise it shows errors to deductor that Pan is not correct etc. Howevere deductor issue form 16A to you for information of deducted tax.

Overall, you are helpless. You have to wait still deductor do not issue form 16A etc. But income tax department has prepared a very good procedure to know your all income tax in your Pan which procedure is given as under :-

1. Register your Pan yourself. (Click here to register Your Pan).
2. In form * marked fields are mandatory to fill the form.There is option to select Y or N for calling official to visit you for authorization of your Pan Card, if you choose yes then registration fees is higher than the option selected "No"

For 26 AS Registration Fee

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.

• A registration form will be generated after completing information in form. Now you have to attach photocopy of your Pan Card duly signed by you along with the signed registration form. The above mentioned fees will be deposited with Tin-Facilitate Centre. With in two days after registration you are able to check your tax amount with the Income Tax Department.
• if you are already registered for 26As then you can watch your tax Click Here

In our view to get refund speedily or to avoid any further queries with the Income Tax Department regarding your Income Tax Refund/Return, you should check your Income Tax amount yourself through Form 26AS.