Form 26AS for ITR Filling 2024 is Mandatory by Income Tax Department, Do it.

Form 26AS for ITR Filling 2024: Form 26AS is crucial for filing your taxes because it gathers all your tax-related info in one spot. This makes it much easier to file your returns accurately. It’s provided by the Income Tax Department and includes details about taxes deducted from your income by various entities such as your employer or bank. Having this document handy simplifies the tax filing process and ensures you don’t miss any important details.

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Please read the complete article to know about Form 26AS for ITR Filling 2024.

Form 26AS for ITR Filling 2024 is Mandatory, What is Form 26AS

Form 26AS is like a report card for your taxes. It gives you a summary of various tax-related details, such as the taxes taken out of your income, any advance or self-assessment taxes you’ve paid, certain financial transactions, and the status of any refunds or demands linked to your Permanent Account Number (PAN). You can easily access and download Form 26AS from the TRACES website. It helps check your TDS certificate and ensure that the taxes deducted from your income have been properly deposited with the tax department.

Form 26AS for ITR Filling 2024

How to download Form 26AS for ITR Filling 2024

Taxpayers can obtain their Form 26AS by logging into their account on the Income Tax Department’s website. Once logged in, they must perform the following simple steps:

  • Click on the “e-File” link on the landing page.
  • Navigate to the “Income Tax Return” menu and select “View Form 26AS.”
  • Agree to the terms and conditions to be redirected to the TRACES website.
  • Choose the option “View Tax Credit (Form 26AS/Annual Tax Statement).”
  • Select the assessment year and file type (HTML or Text) and click on “View/Download.”
  • The taxpayer can then view all their TDS transactions and download the form as a PDF for reference.
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Form 26AS is crucial for taxpayers as it helps verify the accuracy of TDS certificates and ensures that the TDS deducted from their income is deposited with the income tax department. It provides transparency and helps taxpayers keep track of their tax-related transactions.

Last date for ITR Filling in 2024

It’s essential to note that Form 26AS gets updated when the income tax department processes the TDS returns filed by deductors. The deadline for filing TDS returns for the fourth quarter is May 31st. Once the processing is complete, Form 26AS is updated with the latest TDS information against the taxpayer’s PAN. Last date for ITR Filling in 2024 is 31st July 2024 for individuals.

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