Why you need form 16 and 26AS to file your return? How can you get it?
Why you need form 16 and 26AS to file your return? How can you get it?
The due to file an income tax return by the individual is 31st July 2019. You can now file your return for AY 2019-20. You should have form 16 and 26AS by hand to file return.
If you draw salary or you are employee, 16 and Form 26AS are the vital documents for you. You can get Form 16 from your employer.
Have you got your Form 16?
If you have not received till date, ask your employer to provide form 16. You should have this form to know your tax deposited with the government during the year.
Once you get from 16, then match it with your Form 26AS. Ensure that entries in both forms are matched.
What is Form 26AS?
Form 26AS is the details of tax deducted and paid by you. It is just like a bank statement which gives you with details of tax deducted and collected at source.
All the entries lie in Form 26AS are considered valid. And tax deducted from your income will be taken by the department based on this form. Any tax due or refunds will be made according to your Form 26AS.
So ensure that all the tax details appeared in your form are correct and belongs to you. You can not afford to ignore the details appeared in Form 26AS.
If there is any mismatch or incorrect entry, you have to correct it before filing the return.
How can you download your Form 26AS?
You can download it through income tax portal.
- Please go to the income tax site. Click on My Account tab, then click to “View 26AS”. Click on confirm. It will be directed to the Traces website.
- In the traces portal, tick the box on the screen and click on ‘Proceed’.
- Click on “Click View Tax Credit (Form 26AS)” appeared on your screen to view your Form 26AS.
- Select Assessment Year and the format as HTML.
- Click on ‘View/Download’.
You will get your form 26AS.
Hope it helps you.
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