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HomePersonal FinanceITR Filing: Form 26AS is necessary for filing ITR, know the complete...

ITR Filing: Form 26AS is necessary for filing ITR, know the complete process to download it

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How to download Form 26AS: Form 26AS is very important for filing income tax return. We are telling you about its importance.

Form 26AS: The deadline for filing income tax returns for the financial year 2023-24 and assessment year 2024-25 is approaching. You can file income tax returns without any penalty till 31 July 2024. The Income Tax Department issues Form 26S for filing returns. It contains complete details of taxpayers from income to expenditure etc. It is a consolidated tax credit statement. We tell you what is the importance of Form 26AS and how you can download it.

Why is Form 26AS required?

Form 26AS records important tax related information of the taxpayer such as Tax Deducted at Source (TDS), Tax Collected at Source (TCS), Advance Tax, Self Assessment Tax etc. This information is required while filing income tax returns. This helps taxpayers to calculate the total tax liability. Along with this, you also get to know how much tax has already been deposited by you.

If you are a taxpayer and you have earned income from salary, pension, interest rates of FD, savings account, rent, capital gains etc. then you will need this form for tax liability. Taxpayers can download this form from the e-filing portal of Income Tax.

How to download Form 26AS through e-filing portal

1. For this, visit the Income Tax Department’s e-filing portal incometaxindiaefiling.gov.in and enter your login ID and password.
2. Next, click on the option of My Account and then click on the option of Form 26AS.
3. Next, click on the option of Confirm. After this, you will be redirected to the TRACES website.
4. Here you have to click on the option of Proceed. After this, Form 26AS will open in front of you.
5. You have to select the assessment year in it.
6. After this, your form will be downloaded in a few minutes.
7. With its help, you can file income tax return.

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Sunil Kumar
Sunil Kumar
Sunil Sharma has 3 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done B.Com in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @sunil.izone@gmail.com

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