26as vs 16a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2013
Can u pls explain the importance of preparing reconciliation of 26AS vs 16A
29 August 2013
Form 16A means certificate giving by the deductor regarding deduction of TDS amount.
26AS means giving information to the IT department by the Deductor regarding how much TDS deducted for a single PAN.
Some time due to many reasons the TDS amount as per from 16A and 26AS doesn't match like due to non-filing of TDS returns, or wrongly filing of TDS returns,or mistakes in uploading/filing of TDS returns etc.... And department shall give the credit of TDS for the amount which is appearing in 26AS only(because of this is intimation by the deductor regarding deduction of TDS for a PAN,Because of now the department not required form 16A for giving credit of TDS)
So there may be chances to differ both Form 16A and 26AS TDS amount, for that purpose we have to reconcile both, if found any difference then contact the deductor and request him to make correction of mistakes etc...
OM SAI SRI SAI JAI JAI SAI
26AS means giving information to the IT department by the Deductor regarding how much TDS deducted for a single PAN.
Some time due to many reasons the TDS amount as per from 16A and 26AS doesn't match like due to non-filing of TDS returns, or wrongly filing of TDS returns,or mistakes in uploading/filing of TDS returns etc.... And department shall give the credit of TDS for the amount which is appearing in 26AS only(because of this is intimation by the deductor regarding deduction of TDS for a PAN,Because of now the department not required form 16A for giving credit of TDS)
So there may be chances to differ both Form 16A and 26AS TDS amount, for that purpose we have to reconcile both, if found any difference then contact the deductor and request him to make correction of mistakes etc...
OM SAI SRI SAI JAI JAI SAI
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