![]() In this case, the taxpayer should approach the deductor and request him to take necessary steps for the rectification of the TDS. Non-compliance of details to the Department.The discrepancy can occur due to the following reasons: In case of difference between the actual and stated TDS, the taxpayer can not claim the TDS of the actual amount. Difference Between Actual TDS & TDS Reflected in Form 26AS The tax claimed by the taxpayer can be collected by him as per traces form 26AS. Tax Credit can be collected only through TDS, TCS or Advance Tax. The total tax paid is recorded by the Income Tax Department as Tax Credit. There are three ways through which an individual can pay the income tax namely, TDS (Tax Deducted at Source), TCS (Tax Collected at source) or Advance Tax. It is mandatory to prepare traces form 26AS under the Rule 31AB of Income Tax Act, 1961. The Income Tax Department of India maintains a statement under the form 26AS containing the details of Tax Credit in the account of a taxpayer as per the records of the department. ![]() Facebook WhatsApp Twitter Email Print Traces Form 26AS Meaning
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