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ITR Filing Last Date: If you are also a taxpayer, then you must have started preparing to file ITR. 31 July 2024 is the last date to file income tax return. Although Form-16 is the most important document for every employed person to file income tax return, but many times it is heard that without 26AS form, employed people cannot file ITR. Let us know what is 26AS form and what is its use.
What is 26AS Form?
Before filing income tax return, you must check 26AS form once. This form shows how much tax you have paid on which type of income in the entire financial year. Check once whether the information about the tax imposed on you in Form-16 is correct or not. If there is any mistake, then get it corrected in time. Keep in mind that if any information is wrong and you get it corrected, then it may take up to 7-10 days.
What is Form-16?
To file ITR, first of all a salaried person needs Form-16. You will get this from your company, which contains all the information about the tax levied on your salary. Let us tell you that many companies issue Form-16 in the second-third week of June. However, if you have hidden any information from your employer i.e. your company, then it will not be in Form-16. Keep in mind, if you have Form-16, which has complete information about the tax levied on your salary, then filing ITR becomes a matter of a few minutes for you.
How to download 26AS Form?
Form 26AS is linked to your PAN number. In such a situation, you can view or download it online on the Income Tax website anytime with the help of PAN number and password. Let us know how to download it.
- First of all go to the Income Tax website https://www.incometax.gov.in/iec/foportal/ and login with the help of user ID-password.
- After this, you will see the option of e-file in the menu bar, in which you will see two options. First is Income Tax Return and second is Income Tax Forms.
- On clicking on Income Tax Return, you will see the option of View form 26AS. After this a disclaimer will appear, click on Confirm there.
- You will then need to grant permission to view and use Form 16/16A on the TRACES portal.
- On the page that opens on the TRACES portal, look at the bottom and you will find a text like 'Click View Tax Credit (Form 26AS)' to view your Form 26AS. Click on it.
- After this you will get the option to view and download the form. After downloading, you can save it.
So can't ITR be filed without 26AS Form?
This is not true. Salaried people need Form-16 to file ITR. It is advisable to match it with 26AS form so that you do not have to face trouble later if there is any mistake. Nowadays there is no need to look at Form-16 to file ITR, because all the information is already filled in your form on the ITR portal. However, while filling ITR, you must match it with Form-16, so that if there is any mistake, it can be easily corrected.
