#26AS

TAX-c6fc2669

What To Do If Discrepancies Appear in Actual TDS And TDS Credit As Per Form 26AS?

Every person deducting tax at source has to furnish the details of tax deducted by him to the Income-tax Department. The details will cover the name of the deductee, Permanent Account Number of the deductee, amount of tax deducted, amount paid to the deductee, date of payment of TDS to the credit of Government, etc. …

What To Do If Discrepancies Appear in Actual TDS And TDS Credit As Per Form 26AS? Read More »

IMG_20220502_075144-09e0973b

What is Form 26AS?

It is a form issued under Rule 114-I​​, wherein the following information related to taxpayer is published: a) Information relating to TDS and TCS; b) Information relating to Specified Financial Transactions (SFT); c) Information relating to payment of taxes; d) Information relating to demand and refund; e) Information relating to pending proceedings; f) Information relating …

What is Form 26AS? Read More »

Breaking: Service Tax Liability Can Not Be Imposed Only On The Basis Of Form 26AS [Read Judgement]

Breaking: Service Tax Liability Can Not Be Imposed Only On The Basis Of Form 26AS [Read Judgement]

In the case of M/s Luit Developers Private Limited vs Commissioner of CGST & Central Excise, Dibrugarh, the CESTAT Kolkata has held that: I also find that the appellant is a Pvt Ltd Company and figures in Form 26AS are already included in Revenue from Operations in the Profit/Loss Account of Balance Sheet, which is …

Breaking: Service Tax Liability Can Not Be Imposed Only On The Basis Of Form 26AS [Read Judgement] Read More »

INCOME-TAX-return660

Taxpayers receive notices: Data mismatch between AIS and Form 26AS the reason

Did you file an early income-tax return, before the Annual Information Statement (AIS) was launched? Chances are your tax return may have attracted a demand notice if you had ignored some essential income received during the financial year. So far, one had to refer to the annual tax statement or the Form 26AS before filing returns. The AIS was …

Taxpayers receive notices: Data mismatch between AIS and Form 26AS the reason Read More »

Only Amount Reflected in Form 26AS Does Not Mean that Assessee is the Actual Beneficiary Unless It is Established: ITAT

Only Amount Reflected in Form 26AS Does Not Mean that Assessee is the Actual Beneficiary Unless It is Established: ITAT

In the case of Dr Swati Mahesh Vinchurkar vs DCIT, ITAT Surat bench has held that: We have considered the rival submissions of the parties and have gone through the orders of the lower authorities carefully. There is no dispute that the assessee is resident of Surat. The assessee is qualified Doctor being Pediatric (Child …

Only Amount Reflected in Form 26AS Does Not Mean that Assessee is the Actual Beneficiary Unless It is Established: ITAT Read More »