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 Form 26AS tweaks make paying taxes easier and evasion harder. Here s how
 Here s how you can download Form 26AS New income tax website
 Check the revised instructions to fill ITR Form 3, 5, 6 and 7 Income Tax Return
 TDS mismatch in Form 26AS & Form 16? Ask employer to issue new Form 16 with correct details
 Before you file your tax return, note the key changes in Form 16
 5 Things to know about Form 16
 Form 16 will now have more details of your income and deductions
 Amendment of Form No. 16 and Form No. 24Q
 What are Form 15G, Form 15H?
  Post Qualification Course in International Taxation - Assessment Test (INTT-AT) - May, 2019 Application Form
 Form 60 can help you Don’t have PAN and need to do these important transactions?
 Income Tax: No provisions in I-T Act for revision in Form 15H, 15G
 Penalty on late filing of ITR and other tax changes effective from Apr 1
 How to view, download your Form 26AS and why it is important

TDS mismatch in Form 26AS & Form 16? Ask employer to issue new Form 16 with correct details
September, 06th 2019

One must obtain Form 16 (TDS certificate issued by the employer) and verify the same with the Form 26AS.

In case of mismatch between Form 16 and Form 26AS, request your employer to issue new Form 16, reflecting the correct details of TDS. However, TDS is only provisional tax. The final tax liability is determined at the end of the financial year. At the time of filing the Income Tax Return, you must calculate tax (as per applicable slab rates) by including income from all sources. The TDS deducted (as shown in Form 26AS) can then be claimed as credit in the ITR Form. Any excess of TDS paid over the final tax liability shall be refunded.

My employer has deducted TDS but not deposited it. What should I do?
—Suresh Talwar

One must obtain Form 16 (TDS certificate issued by the employer) and verify the same with the Form 26AS. A mismatch in Form 26AS and Form 16 can be due to non-filing or non-payment of TDS by deductor, quoting wrong assessment year or wrong PAN, providing incorrect challan details in the TDS returns submitted by the deductee, not depositing TDS to I-T department, etc. The deductee has no power under the Income Tax Act, to enforce revision of returns in case of discrepancy. Therefore, you must bring the mismatch to your employer’s notice and request him to revise the TDS return.

My father-in-law, who is 80 years, wants to give some money to me and my wife. Will this amount be taxable in the hands of beneficier?
—Animesh Bhattacharya

As per Income Tax Act, money received as gift from father/ father-in-law is exempt from tax in the hands of beneficiary but you have to disclose it under the schedule ‘Exempt Income’ in the ITR form.

I filed my return and e-verified it for AY 2018-19 on June 12, 2018. Income tax website status shows successfully e-verified but refund still pending. Why?

—AK Bhandari

Processing of return may take some time. However, if your ITR V is verified you can follow up with Central Processing Centre (CPC) of I-T department on 1800-180-1961/ 1800 103 4455 or +91 80 46605200 or email at refunds@income taxindia.gov.in. You can also submit your grievance on the e-filing portal.

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