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Key Updates into New Form 26AS – Tax Credit Statement for Taxpayers

Form 26AS – Tax Credit Statement. Certain documents are essential to verify your tax obligations when filing your Income Tax Returns (ITRs), and one of those documents is Form 26AS, or tax credit statement. To ensure that tax filing is done correctly, taxpayers must understand Form 26AS, its objective, and its significance in the process.

What is Form 26AS?

Form 26AS is an annual statement that includes all the details about the tax deducted at source (TDS) or TCS on a taxpayer’s income. It includes details of self-assessment tax payments, advance tax, and high-value transactions undertaken by the taxpayer.

It also covers mutual fund purchases, foreign remittances, refund details, dividend income, and more. This helps taxpayers keep track of the TDS deductions and also makes sure that the deducted tax has been deposited with the IT Department correctly.

Note: Form 26AS format was introduced and came into effect on 1st June 2020. The new structure will contain the details of all the financial transactions and provide information about the specified financial transaction (SFT) and pending tax proceedings.

Here are some key changes and things to note for FY 2024-25 (AY 2025-26) that impact how you’ll use and relate to Form 26AS:

1. Enhanced Scope of AIS (Annual Information Statement): The AIS continues to be the more comprehensive statement, including details that were previously only available in Form 26AS, and much more. It now includes:

Details of foreign remittances
Mutual fund purchases
Dividend income
Refund details
Turnover as per GST records
Interest from savings/fixed deposits
Share transactions
Rent details
Credit card payments
Property purchases/sales

2. Importance of Cross-Verification: Even with pre-filled ITRs, it’s crucial to cross-verify the data in your Form 26AS and AIS with your own records (Form 16/16A, bank statements, etc.). Any discrepancies should be addressed with the deductor/collector for correction to avoid future tax notices.

3. Changes in ITR Forms (related to reporting data that might be in 26AS/AIS): While not directly changes to Form 26AS itself, the notified ITR forms for AY 2025-26 reflect new reporting requirements that align with the expanded data available in AIS. Some of these include:

Simplified ITR-1 and ITR-4 for Capital Gains: Taxpayers with long-term capital gains (LTCG) up to ₹1.25 lakh from listed equity shares and mutual funds can now use these simplified forms, provided there are no capital losses to carry forward or set off. This simplifies filing for small investors.
Mandatory Mention of TDS Section: If your income (other than salary) has TDS, you’ll need to mention the specific TDS section (e.g., 194J, 194C) in your ITR form to claim tax credit.
Detailed Disclosure for Opting Out of New Tax Regime: Business owners switching from the new to the old tax regime must now provide detailed disclosures in ITR-4, including past filings of Form 10-IEA.
New Capital Gains Rules from July 23, 2024: ITR forms now require reporting the date of transfer of capital assets to determine whether old or new tax rules apply. Separate reporting is also required for gains on unlisted bonds/debentures.
Buyback Proceeds as Deemed Dividends: From October 1, 2024, proceeds from buybacks by domestic listed companies are treated as deemed dividends and must be reported under “Income from Other Sources” in ITR-2, 3, and 5.
Disability Deduction Requires Certificate Acknowledgement: For deductions under Section 80DD or 80U, the acknowledgement number of the disability certificate is now required in ITR 2 and 3.
Asset and Liability Reporting Threshold Raised: The requirement to disclose assets and liabilities in Schedule AL has been raised from an income threshold of ₹50 lakh to ₹1 crore.

4. Increased Due Date for ITR Filing: The CBDT has extended the due date for ITR filing for Assessment Year 2025-26 (FY 2024-25) from July 31, 2025, to September 15, 2025, for non-audit cases. This extension is to allow time for system development and utility integration due to the significant modifications in the ITR forms.

Information that can be interpreted from Form 26AS

Amount of tax deducted on your income
Details regarding the tax collected
Details of any tax paid in advance
Self-assessment of the tax payment
Regular assessment of the deposited tax
Details regarding shares, mutual funds, high value transactions, etc.
Tax deducted on selling immoveable property
Details regarding yearly turnover
Details regarding received income tax refund.

How to View and Download Form 26AS?

You can visit the TRACES website to download Form 26AS. Alternatively, you can visit https://www.incometax.gov.in/iec/foportal/, log in with your user ID and password.

Here is a simple step-by-step procedure to download Form 26AS using your income tax department account:

Step 1: Visit official Income Tax e-filing website

Step 2: Click on ‘Login‘ and Enter the ‘User ID’ which can be either PAN or Aadhar number and click on ‘Continue.

Step 3: Now, Select ‘e-file‘. Next, click on ‘Income Tax Returns.

Step 4: Then, click on ‘View Form 26AS‘ and Select ‘Confirm‘ next.

Step 5: Now, Its Pop up with ‘Disclaimer‘ Click on ‘confirm‘

Step 6: Next, click on ‘View Tax Credit (Form 26AS).

Step 7: Select the ‘Assessment Year‘ and format you need to view Form 26AS.

Step 8: Now, enter the ‘Verification Code’ and click on the ‘View/ Download’ button.

Different Parts of Form 26AS (From FY 2022-23 onwards)

The key structure of Form 26AS is explained below,

PART I: Details on Tax Deducted at Source (TDS)

This section records TDS deducted on various income sources such as salary, professional fees, business earnings, and interest.

PART II: TDS Details for Form 15G/15H Submissions

It includes information about the cases where TDS was not deducted by submitting Form 15G or Form 15H, this applies to the senior citizens with income below the taxable limit.

PART III: TDS on Non-cash Transactions (Section 194B, 194R, 194S)

Covers TDS on benefits received in kind, such as gifts, incentive-based foreign trips, or prizes like cars won in lotteries.

PART IV: TDS on Rent, Property, Professional Fees & Virtual Digital Assets

Displays TDS deducted under Sections 194IA, 194IB, 194M, and 194S for:

Property sales
Rent payments exceeding Rs.50,000 per month
Payments to professionals or contractors above Rs. 50 lakh
Transactions involving virtual digital assets (e.g., gold bonds, cryptocurrency, etc.)

PART V: TDS on Virtual Digital Assets (Form 26QE)

Includes TDS details for virtual digital asset sellers under specific tax provisions.

PART VI: Tax Collected at Source (TCS) Details

Details on the TCS collected under Section 206C for various transactions.

PART VII: Tax Refund Details

Provides information on refunds issued by the CPC-TDS. Additional details can be checked in the AIS (Annual Information Statement) on the e-filing portal.

PART VIII: TDS Details for Buyers/Tenants/Contractors

Records TDS deductions for property buyers, tenants paying rent over Rs.50,000 per month, those making professional or contractor payments exceeding Rs.50 lakh, and buyers of virtual digital assets.

PART IX: Transactions & Demand Payments under Section 194S (Form 26QE)

Covers tax-related transactions and demand payments linked to virtual digital assets.

PART X: TDS or TCS Defaults & Processing

Highlights defaults detected during TDS return processing, excluding those raised by the assessing officer.

What is New in Form 26AS?

The New Form 26AS has now become an Annual Information Statement (AIS) is divided into two parts. Part A and Part B.

PART A:Part A of form 26as will contain basic information such as name of the individual, the details of PAN Card, Aadhar, mobile number, email address, communication address, etc.
PART B:Part B will contain information with respect to the following type of transactions:
1. Information related to tax deducted or collected at source.
2. Information related to specified financial transaction.
3. Information related to payment of taxes.
4. Information related to demand and refund.
5. Information related to pending proceedings.
6. Information related to completed proceedings.
7. Any other information in relation to sub-rule (2) of 114-I

How to View Form 26AS from Net Banking Facility?

A PAN holder who has a net banking account with any authorised bank is eligible to access Form 26AS. Only if your PAN number is connected to that particular account may you read your Form 26AS. This service is provided for free. The banks that have registered with NSDL to enable users to view Form 26AS include the following:

Axis Bank	Corporation Bank	IDBI Bank
Citibank	Bank of Maharashtra	Indian Bank
Bank of India	City Union Bank Limited	Oriental Bank of Commerce
ICICI Bank	Indian Overseas Bank	State Bank of Mysore
Bank of Baroda	Kotak Mahindra Bank	Indian Bank
State Bank of India	Saraswat Co-operative Bank	State Bank of Patiala
Federal Bank	Union Bank of India	UCO Bank
State Bank of Travancore	–	–

Why is Form 26AS Important?

Some of the reasons why Form 26AS is important are given below:

You can check whether the deductor has correctly filled the TDS statement or if the collector has accurately filled the details of Tax Collected at Source (TCS). The form contains all the details of the tax deducted and collected on behalf of
You can also check whether the tax deducted and collected on behalf of you has been deposited in the government account on time.
You can verify the tax credits and calculation of income tax before filing your income tax return.

What are the Benefits of Form 26AS?

The benefits of Form 26AS are given below:

Form 26AS provides vital details about tax deducted/collected and deposited with government tax authorities by authorized deductors/collectors.
It allows taxpayers to review all financial transactions involving TDS/TCS for the relevant financial year.
Form 26AS aids in income computation and facilitates claiming tax credits when filing an Income Tax Return (ITR).
It also serves as a confirmation for verifying refunds during the applicable financial or assessment year.

How to Submit Form 26A/27BA Online?

The process to submit your Form 26A/27BA online is given below:

Step 1: Visit the ‘TRACES’ website by clicking on the traces link.

Step 2: Once you visit the website, click on ‘Request for 26A/27BA’, which you can find under the ‘Statement/Payments’ section.

Step 3: You will be able to view the guidelines you will have to follow to submit your Form 26A/27BA online. Click on ‘Proceed’.

Step 4: Select the Form Type, Financial Year, and Transaction Type from the drop-down menu and click on ‘Proceed’.

Step 5: As you request Form 26A/27BA, a request number will be generated. Click on ‘Go to Track Request for 26A/27BA’.

Step 6: You will then be able to view your requests for Form 26A/27BA on your screen. If you have raised a request for Non-Deduction/Collection, you will get an option to upload the file.

Step 7: Under the ‘Download’ option, click on ‘Requested Download’.

Step 8: Proceed to download the utility form.

Step 9: Enter the verification code and then click on the ‘Submit’ button.

Step 10: You can download the TRACES Sample for Non-Deduction or Non-Collection with the utility.

Step 11: The files downloaded will be in zip format. Extract the files and add the relevant records.

Step 12: After extracting the files from the utility, it is validated by running it through the JAVA application.

Step 13: Under the ‘Status’ for Non-Deduction/Non-Collection, you will find the ‘Upload Files’ option. Click on it.

Step 14: Enter the verification code.

Step 15: As you click on the ‘upload’ option, you will have to fulfill a verification process by entering a digital signature and I-PIN if redirected from the bank’s website.

Step 16: You will get confirmation from TRACES once the verification is successful.

Step 17: You can then click on ‘Go to Track Request for 26A/27BA’, where you can view the status as ‘Submitted.

Step 18: Once the request gets validated successfully, it will be sent for ‘E-filing’, after which the status will also show ‘E-filing’.

TDS Certificate vs. Form 26AS: Key Points to Cross-Check

Some of the things you must verify in your TDS certificate with Form 26AS are given below:

Do not forget to check whether certain details mentioned in your form are correct or not. Make sure your name, Permanent Account Number(PAN), Deductor’s TAN, refund amount paid to you, and TDS amount on Form 26AS are correctly mentioned. These details are extremely important and in case any of the details are found to be incorrect, you will find difficulties in filing your income tax returns.
You will have to verify that your TDS as shown in the certificate has been received by the Central Government of India. You can do this by comparing the TDS data on the Form AS data with your payslips data.
Check whether the TDS shown in Form 16/16A is also reflecting on your Form 26AS correctly. If the TDS is not reflecting in your Form, then it means that the deductor has deducted the TDS but is yet to submit it to the IT department. In such a case, get in touch with your deductor immediately and get the issue resolved at the earliest.

How AIS Complements Form 26AS for Taxpayers

The Income Tax Department has come up with Annual Information Statement, also known as AIS with an aim to incorporate new information such as off market transactions, foreign remittances, mutual fund purchases, interest received on income tax refunds, break up details of salary and ITR information of another person.

The income tax department was already availing these details from the authorized bodies.

For example, banks submit Form 15CC for payment done to NRIs, transfer agents, and depositors report off market. Furthermore, salary break up details are present in Form 16 from the information uploaded by employers on the TRACES portal.

FAQs on Form 26AS

How to download Form 26AS in excel format? First, you have to log in to the e-filing account, then go to the ‘e-File’ option, click’Income Tax Returns’ and choose ‘View Form 26AS’. Now, read the disclaimers and click on ‘Confirm’. Now, click on ‘View tax credit’, select the ‘Assessment Year’, View Type’ as ‘Excel’, and click the View/Download button.
How to rectify errors in Form 26AS?One of the effective ways to correct the errors in Form 26AS is to inform the deductor and tell him to file a rectified TDS return.
What comes under Form 26AS?This form contains all information on the tax deducted from your income. It includes the details of the tax collected by collectors, self-assessment tax payments, advance tax paid by you, assessment tax deposited by you, and refund details.
What are the TDS related forms that I need to submit?In Part A1 of this form, you will have information about your income where TDS has not been deducted when you have submitted Form 15G/Form 15H.
What is the importance of Form 26AS?This form is an annual credit statement (consolidated) that is issued about your PAN. You must compare Form 16, which is received from your employer, with Form 26AS.
What do I do if the amount of advance tax paid in the bank is wrongly reflected in my Form 26AS?This may be because the bank has made an error in its data entry. You must take up this issue with your bank and rectify the amount.
Can I make changes to the address and name of the PAN holder which is there in Form 26AS?Yes, if the details of the PAN holder are incorrect, you can constantly update this. You should apply the ‘Request for new PAN card or/and changes or correction in PAN data’ option on the official website.
When does Form 26AS get updated?Form 26AS gets updated when the income tax department processes the TDS return filed by the taxpayer.
What is the password of Form 26AS in PDF format?The password of Form 26AS in PDF format is the taxpayer’s date of birth/incorporation in DDMMYYYY format.
How to view Form 26AS through net banking?Taxpayers can view or download Form 26AS through the net banking of any authorized bodies. You can view Form26AS via net banking of any bank. Form 26AS can be seen if your PAN is linked to the bank account.
Why is Form 26AS needed?Form 26AS is needed as it offers proof of tax deducted and collected at source on behalf of taxpayers. In addition, it confirms that banks and employers have deducted specific taxes on your behalf and deposited them in the government’s account.
When will TDS reflect in Form 26AS?TDS will get reflected in Form 26AS after you file a TDS return, and it will be processed by the CPC. The entire process will take around seven days.

TDS Mismatch Income Tax Department Notice

TDS Mismatch: Income Tax Department Notice – the Issue and How to Resolve It

In recent years, the Income Tax Department (ITD) has been focusing on improving the efficiency and accuracy of tax collection. One of the common issues taxpayers face is a TDS (Tax Deducted at Source) mismatch, which could lead to receiving a notice from the ITD. This article explains what TDS mismatch is, why it occurs, and how to resolve it.

What is TDS?

Tax Deducted at Source (TDS) is a method used by the Income Tax Department to collect taxes at the source of income. When an individual or entity makes a payment (for example, salary, interest, or professional fees) to another person or business, a certain percentage of that payment is deducted as tax and deposited with the government. This amount is then adjusted against the recipient’s total tax liability for the financial year.

TDS is applicable to various types of income, and the person making the payment (the deductor) is responsible for deducting the tax and depositing it with the government.

What is TDS Mismatch?

A TDS mismatch occurs when there is a discrepancy between the TDS claimed by the taxpayer and the TDS reported by the deductor (the person or organization who deducted the tax). In simpler terms, this means that the Income Tax Department has records showing a different TDS amount than what the taxpayer has reported in their return. This can happen for several reasons:

TDS not reflected in Form 26AS: Form 26AS is a statement that provides a consolidated record of all the taxes deducted or collected on behalf of a taxpayer. If the TDS deducted by the employer or any other deductor is not updated or reflected in Form 26AS, a mismatch may occur.
Incorrect Reporting in Tax Return: Sometimes, taxpayers might incorrectly report the TDS amount in their Income Tax Return (ITR), leading to a mismatch.
Late or Incorrect TDS Filing by the Deductor: If the deductor has made a mistake or delayed submitting the TDS payment to the government, the details will not be available in Form 26AS, leading to a mismatch.
TDS on Multiple Sources of Income: Taxpayers may receive TDS from multiple sources. If any source is left out or not reflected properly in the TDS return filed by the deductor, it can lead to a mismatch.

Why Does the Income Tax Department Issue Notices for TDS Mismatch?

When the Income Tax Department detects a mismatch between the TDS reported by the taxpayer and the TDS available in Form 26AS, it may send a notice to the taxpayer. The notice is typically issued under Section 143(1) or Section 245 of the Income Tax Act. The ITD may highlight the discrepancy and ask the taxpayer to rectify the mismatch.

This could also indicate that the taxpayer is either overreporting or underreporting their income, which could lead to an incorrect tax calculation. To address this, the department may request the taxpayer to:

Reconcile the TDS amount.
File a revised return.
Provide additional documents or clarification to resolve the mismatch.

Steps to Resolve TDS Mismatch and Respond to the Notice

If you receive a TDS mismatch notice, follow these steps to resolve the issue:

Verify the TDS Information in Form 26AS:
- Log in to the Income Tax Department’s e-filing portal and check your Form 26AS. This will give you a summary of all TDS entries made against your PAN. Ensure that the TDS amounts match the amounts you have reported in your Income Tax Return.
Cross-Check the TDS Details in Your Tax Return:
- Compare the TDS figures mentioned in your Income Tax Return with the details in Form 26AS. If there are any discrepancies, you should revise your ITR accordingly.
Check for Missing TDS:
- Sometimes, the TDS is not updated by the deductor. You can reach out to the concerned deductor (e.g., your employer or bank) and request them to update the TDS information on the government portal.
Rectify and File a Revised Return:
- If you find any error in the TDS claim or reporting, you can file a revised income tax return by submitting the correct TDS details. Ensure that the information is accurate before re-filing the return.
Ensure Timely Payment and Filing of TDS:
- In some cases, the mismatch happens because the deductor has not deposited the TDS to the government on time. If you suspect this, ask your employer or deductor for proof of TDS payment and confirmation that they have filed their TDS returns.
Respond to the IT Department’s Notice:
- If the Income Tax Department issues a notice, respond to it promptly. Provide any additional documentation or clarification as requested. If required, submit proof of TDS payment or the revised return.

Consequences of Ignoring the TDS Mismatch Notice

Ignoring the TDS mismatch notice from the Income Tax Department can lead to serious consequences, including:

penalty: If the mismatch is not rectified, the department may levy a penalty for incorrect reporting.
Interest Charges: Failure to report TDS correctly could attract interest charges for the underpayment of taxes.
Tax Liabilities: In some cases, if the mismatch is not corrected, the taxpayer may face a higher tax demand, leading to financial strain.

Conclusion

A TDS mismatch notice from the Income Tax Department can be a concerning issue for taxpayers. However, understanding the cause of the mismatch and following the appropriate steps to rectify it can help resolve the matter quickly. Taxpayers should ensure that their TDS details are accurately reported in both their income tax returns and Form 26AS to avoid any discrepancies and potential penalties. Regularly checking Form 26AS, cross-checking the TDS figures, and keeping open communication with deductors can go a long way in preventing such mismatches.

Raise Rectification Request FAQs

Q1. When do I need to submit a rectification request?

Ans. A request for rectification can be submitted on the e-Filing portal if there is any mistake apparent from record, in an Intimation issued u/s 143(1) or in an order u/s 154 passed by the CPC. A rectification request can be submitted only for returns that are already processed by CPC.

Q2. My e-Filed Income Tax Return has been processed by CPC raising a demand / less refund, whom should I approach for rectification?

Ans. If your Income Tax Return for the relevant Assessment Year is processed by CPC, you can file online rectification with CPC after logging in to your e-Filing account.

Q3. What kinds of errors can be corrected by submitting a rectification request?

Ans. You can submit a rectification request for errors in processing of your income tax return by CPC. Only mistakes apparent from record are considered for rectification.

Note– Do not use rectification request for any other mistake on your part which can be corrected with a revised return.

Q4. What are the different request types for income tax rectification available on e-Filing portal?

Ans. Three type of rectification request can be filed on e-filing portal

Reprocess the Return
Tax Credit Mismatch Correction
Return Data Correction (offline)

Note: For Return Data Correction (Offline), taxpayers needed to upload XML generated in the offline utility till AY2019-20 but can upload JSON and submit rectification online from AY2020-21.

Q5. When can I file Reprocess the return request?

Ans. It is advisable to select this option if you have furnished true and correct particulars in Return of Income and CPC has not considered the same during processing.

Examples-For below scenarios Reprocess the Return request can be filed-

Taxpayer has claimed deductions in original/revised return and same has not been allowed while processing of return.

Taxpayer has made correct claim of TDS/TCS/Self-assessment tax/Advance tax and same has not been allowed while processing of return.

Q6. When can I file Return Data Correction request?

Ans. Please re-enter all the entries in the schedules. All the corrected entries as well as remaining entries mentioned in the ITR ﬁled earlier are to be entered. Make the necessary corrections in the data. While doing corrections, make sure not to declare any new source of Income or declare additional deduction.

Examples – For below scenarios Return Data Correction request can be filed-

a) If Taxpayer has wrongly shown income in incorrect head of income.

b) Taxpayer can make changes in any other information, provided that these changes do not result in a variance in gross total income and deductions.

c) In this type of rectification request taxpayer is not allowed to make below mentioned changes –

i. Fresh claim and/ or Additional claim and/ or Reduction of carry forward losses.

ii. Fresh claim and/ or Additional claim and/ or Reduction of brought forward losses.

iii. Fresh claim and/ or Additional claim and/ or Reduction of MAT credit.

iv. Fresh deduction/Additional claim/ Reduction of deduction under chapter VI A.

Q7. When can I file Tax Credit Mismatch Correction?

Ans. It is advisable to use this option if you want to correct details in TDS/TCS/IT challans of the processed return. Please re-enter all the entries in the schedules. All the corrected entries as well as other entries mentioned in the ITR filed earlier are to be entered. Make the necessary corrections in the data. While doing corrections, make sure not to claim credits which is not part of the 26AS statement.

Examples-For below scenarios Tax Credit Mismatch Correction request can be filed-

a) Taxpayer can add new Self-Assessment tax challan which has been paid to nullify demand raised in original return.

b) If taxpayer has incorrectly provided any Self-Assessment tax/Advance tax challan details such as BSR code, Date of payment, Amount, Challan number while filing original return, they can correct the error in this category of rectification.

c) If taxpayer has incorrectly provided any TDS/TCS details such as TAN, PAN, Amount etc.

d) Taxpayer can only Edit/Delete TDS/TCS entry.

Q8. I want to file a rectification against an intimation u/s 143(1) from 5 years ago. Why is the system not allowing it?

Ans. You are not allowed to file rectification request after the expiry of 4 years from the end of the FY in which the intimation u/s 143(1) was passed.

Q9. Do I need to E-verify my rectification request?

Ans. No, there is no need to E-verify rectification request.

Q10. Can I rectify my previously filed ITR using the rectification request service?

Ans.. If you notice a mistake in your submitted ITR, and it has not processed by CPC, you can submit a revised return. You can use the rectification request service on the e-Filing portal only against an order/notice u/s 143(1) from CPC.

Q11. My previously filed rectification request is yet to be acted upon at CPC processed. Can I submit or file another rectification request for the same request type?

Ans.. No. You cannot submit a rectification request for an Assessment Year unless previously filed rectification request has been acted upon by CPC.

Q12. Where can I find my rectification reference number?

Ans. Once you submit your rectification request, you will receive a mail or a message notifying you of your 15-digit rectification reference number. You can also find your 15-digit rectification number under Rectification Status after logging in to your e-Filing account.

Q13. Can I check my rectification status offline?

Ans.. No, you cannot view the status offline. You will be required to log in to the e-Filing portal to view the rectification status.

Q14. Who can apply for rectification request?

Ans..Only these parties who get the order / notice u/s 143(1) from CPC can apply for rectification request on the e-Filing portal:

Registered taxpayers
ERIs (who have added client PAN)
Authorized Signatories and Representatives

Q15. Can I submit a rectification request on e-Filing in case of manual / paper filing of return?

Ans.. No, Rectification requests in paper form are NOT accepted at CPC. Every communication to CPC has to be made only in electronic form in the manner provided by the CPC.

Q16. Can I submit a rectification request on e-Filing portal in case rectification rights are transferred to AO?

Ans.. No, the Rectification Request service on the e-Filing portal currently does not cover rectification in case of rights transferred to AO. In such a case, you need to approach your AO with the rectification application.

Q17. Can a rectification request be withdrawn or filed again, once submitted?

Ans. No, you are not allowed to withdraw rectification requests already submitted. You can file another rectification request only after the submitted one is processed in CPC.

Q18. Can I claim exemptions/deductions when submitting a rectification request?

Ans. No. You are not allowed to claim new exemptions/deductions while filing a rectification request.

Q19. There is a change in my income/bank/address details, which I need to update in my ITR. Should I file a rectification request?

Ans. Rectification request is not applicable for a change in income / bank / address details. Your income/Bank/Address can be updated through a revised return.

Q20. Up to which AYs in the past can a rectification request be filed online?

Ans. There is no specific AY till when rectification can be submitted online, it depends on the particular case. Rectification request can be submitted within 4 years from the end of the financial year in which the order sought to be amended was passed.

Q21. I am required to be audited u/s 44AB. Is DSC compulsory for me when filing a rectification request?

Ans. No, DSC is not mandatory for filing a rectification request.

Q22. I uploaded the wrong details in my rectification request. How do I correct it?

Ans. You cannot submit a revision of the rectification request, neither can you withdraw it. Once submitted, you can file another rectification request after the submitted one is processed in CPC.

Q23. I have paid the demand raised by CPC. Do I have to file a rectification request to cancel the demand?

Ans. You can file Tax credit mismatch correction request with paid challan details.

Q24. I filed my original ITR post the due date (belated return). I need to revise the submitted ITR. Can I file a rectification request?

Ans. No , Rectification of ITRs are different from filing a revised return. You can revise your belated return (applicable only from FY 2016-17 onwards) either before the end of the following FY, or before the processing of the ITR by tax authorities, whichever comes first. A rectification request can only be filed in response to a notice / order / intimation from CPC for a specific e-Filed return.

Q25. I originally filed ITR-1. Can I use ITR-2 when responding to the CPC notice with a rectification request?

Ans. No, you will need to use ITR-1 if that’s what you filed originally.

Q26. Can an appeal be filed against a rectification order?

Ans. Yes, You can file an appeal directly to the CIT(A) against an order issued by CPC.

Tag: TDS not reflected in Form 26AS