Form 26AS

POSTED BY Lokesh Ranka ON September 2, 2013 11:15 pm COMMENTS (12)

In Jan 2012, I switched job from company A to B.

 

In company A, all the TDS happened correctly and got reflected in Form 26AS.

 

In company B, no TDS was deducted but was informed to submit tax appropriate while filing ITR. While filing ITR form, I clubbed income of both the company and paid the final amount appropriately.

 

Now the problem is – this amount is not reflected in form 26AS and because of this Income tax has given me demand notice. I reverted with rectification process online and it was rejected. In the reject remark the following point came.

 

“IF THE TAX PAYMENTS CLAIMED, ARE NOT AVAILABLE IN ASSESSEE’S ACCOUNT, AS PER FORM 26AS, THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THE BANK/DEDUCTOR AND ALSO GET THE CORRECTED DATA UPLOADED TO OLTAS/NSDL DATABASE. THE ASSESSEE IS THEN REQUIRED TO FILE AN ONLINE RECTIFICATION REQUEST, BY OPENING THE SAME ‘MY ACCOUNT’ TAB THEREIN AND TICKING THE CATEGORY – ‘TAX CREDIT MISMATCH’ BOX, UNDER THE REQUEST TYPE – ‘NO FURTHER DATA CORRECTION REQUIRED, REPROCESS THE CASE’.”

 

Can anyone guide me how can I get my form 26AS updated myself as in this case their is not bank/deductor involved, so that all the dues get settled appropriately?

 

Thanks.

12 replies on this article “Form 26AS”

  1. Dear Lokesh, either speed post it to your local Assessing officer or submit it in person.

    thanks

    Ashal

  2. Lokesh Ranka says:

    Hi Ashal,
    I googled and found the following information:

    http://www.mytaxhelper.com/component/content/article/43-resources/172-paid-income-tax-for-wrong-assessment-year

    I have created the letter as mentioned in option 1.
    Now do I have to speed post it or email it is not clear.

    Can you please guide.

  3. Lokesh Ranka says:

    Thanks Ashal and BanyanFA.

  4. Dear Lokesh, in this situation, you need to contact your local assessing officer to rectify the mistake done by you for entering wrong AY. Once the AY entry is rectified, you can intimate the same to CPC Banglore.

    Thanks

    Ashal

  5. Lokesh Ranka says:

    Ashal: Yes you are correct. While filing the tax I selected the wrong year. How can I get this updated now?

  6. BanyanFA says:

    Hi Lokesh,

    You can get your Form 26 by following the instructions in the link below :

    http://insight.banyanfa.com/form-26as-how-much-tds-got-deducted/

  7. Dear Lokesh, why the tax paid by you is not available in form 26AS? Please check the receipt generated at the time of payment. It may happen that you have paid tax for Assessment Year other than the one, you w’d need to pay. In case you paid the tax in right AY & the same is not updated in Form 26AS, you need to contact your bank.

    Thanks

    Ashal

  8. Lokesh Ranka says:

    Ashal: No. That is the issue. This is why the demand has come to pay taxes which are already paid by me and are not updated in Form26AS.

  9. Dear Lokesh, your self paid tax is available in form 26AS or not?

    thanks

    Ashal

  10. Lokesh Ranka says:

    Thanks Ashal Jauhari and Ashish Garg for quick response.

    @Ashal:
    The tax (Self Assessment Tax) was paid by me from my own pocket on income tax site while filing ITR.

    @Ashish:
    This was self assessment tax which was paid myself while filing the ITR.
    I have checked the status as guided by you on the site mentioned using the following:
    1. BSR Code of Collecting Branch
    2. Challan Tender Date
    3. Challan Serial No.
    4. Amount
    and the status on the site is showing as ‘Amount matched.’

    But this is not coming in my Form26AS. Now I want this to be added in Form26AS so that the demand coming from Income Tax office can be nullified.

    Hope everything is clear. Let me know if you need any further information.

  11. Ashish Garg says:

    Hi Lokesh,

    Where did you pay the income tax pertaining your salary with company B? If it was paid by you either at bank counter or online, please check the status of tax paid using challan number. Challan number is the acknowledgement receipt that bank / online banking must have issued you.

    Use the below link, and choose CIN based view
    https://tin.tin.nsdl.com/oltas/

    In case the company B has deducted tax (which does not appear to me as you state in your query), check with company about form 16 / challan etc.

    Ashish

  12. Dear Lokesh, who paid the Tax for company B, was it from your pocket or from company B?

    Thanks

    Ashal

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