If you are also a taxpayer, then you must have started preparing to file ITR. 31 July 2024 is the last date for filing income tax returns.
If you are also a taxpayer, then you must have started preparing to file ITR. 31 July 2024 is the last date for filing income tax returns. Although Form-16 is the most important document for every employed person to file income tax return, but many times it is heard that without 26AS Form, employed people cannot file ITR. Let us know what is 26AS form and what is its use.
What is 26AS form?
Before filing income tax return, you must check 26AS form once. This form shows how much tax you have paid on what kind of income in the entire financial year. Check once whether the information about the tax imposed on you in Form-16 is correct or not. If there is any mistake, get it corrected in time. Keep in mind that if any information is wrong and you get it corrected, then it may take up to 7-10 days.
What is Form-16?
For filing ITR, a salaried person first needs Form-16. You will get it from your company, which contains all the information about the tax imposed on your salary. Let us tell you that many companies issue Form-16 in the second-third week of June. However, if you have hidden any information from your employer i.e. your company, then it will not be in Form-16. Keep in mind, if you have Form-16, which has complete information about the tax imposed on your salary, then filing ITR becomes a matter of a few minutes for you.
How to download 26AS form?
Form 26AS is linked to your PAN number. In such a situation, you can view or download it online anytime on the Income Tax website with the help of PAN number and password. Let’s know how to download it.
First of all go to the Income Tax website https://www.incometax.gov.in/iec/foportal/ and login with the help of user ID-password.
- After this, you will see the option of e-file in the menu bar, in which you will see two options. The first will be Income Tax Returns and the second Income Tax Forms.
- On clicking on Income Tax Returns, you will see the option of View form 26AS. After this, a disclaimer will appear, click on Confirm there.
- After this, you will have to give permission to view and use Form 16/16A on the TRACES portal.
- If you go down on the page of the TRACES portal that opens, you will find Click View Tax Credit (Form 26AS) to view your Form 26AS written. Click on it.
- After this, you will get the option to view and download the form. After downloading, you can save it.
So can’t ITR be filed without 26AS form?
This is not so. Employed people need Form-16 to file ITR. Matching with 26AS form is advised so that you do not have to worry later if there is any mistake. Nowadays, there is no need to see Form-16 to file ITR, because all the information is already filled in your form on the ITR portal. However, while filling ITR, you must match it with Form-16, so that if there is any mismatch, it can be easily corrected.
