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Comparison of 26as and form 16

RAKESH KUMAR BEHERA (STUDENT) (185 Points)

20 March 2016

1. Why Most of time The Amount In 26As and Form 16 is different ?

2. While filling Return there is required to fill the Taxable Income on Which TDS is Calculated..

that time which income i have to fill.(i.e amount in 26As or Form.16)

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Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER) (1372 Points)
Replied 20 March 2016

26AS is Assessee wise which contain all tax deductions details from your Income (Contains Tax deductions by different deductors by way of issue of Form 16 and Form 16A ) where as Form-16 and 16A are deductor wise issued by a deductor containing tax deducted by him only. Hence 26AS is Comprehensive. In simple terms if all your receipts subject to T.D.S then Totals of Form 16 and 16A reflect 26AS balance

While filing return of Income u/s.139(1), all Incomes reflected in 26AS should be offered. Further those Incomes which are not subject to T.D.S shall also be shown in Return of Income even though not reflected in 26AS. But if any advance amount you received is subject to T.D.S and reflected in 26AS then such advance amount need not to be shown in Return of Income.( As per T.D.S provisions, advance amount will also subject to T.D.S)