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Problem in Form 26AS - View Tax Credit

Shamita (Learner) (410 Points)

25 January 2011

While checking the tax credits status of an assessee, online, Form 26AS - View Tax Credit is showing as below:

“Following errors occured while processing:

Form 26AS cannot be displayed as insufficient input provided by Bank.”

What is this problem and how it can be resolved. Please guide.

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3 Replies

Hemant (AM - IA/SOX) (78 Points)
Replied 25 January 2011

Dear Shamita,

This error might occur due to incomplete details provided either by an indiviual or bank to Tax Authority. I would sugget you to contact bank branch and find it out....for eg: if PAN no is not furnised with bank them tax credit for any transaction will not refelect in form 26AS

Hope this helps!

Cheers

Hemant

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Shamita (Learner) (410 Points)
Replied 25 January 2011

Thanks Sir for your reply.

But which bank branch to contact for this matter. As per assessee, he hasn’t deposited any tax and the only credit to his account is of TDS deducted during F.Y. 2009-10 and 2010-11.

Till this Sunday (23^rd Jan. 2011), his tax credit status was shown correctly on the website, but it was only yesterday that this error has occurred.

In F.Y. 2009-10, only one company has deducted his TDS and this was correctly shown in his Form 26AS. In F.Y. 2010-11, only one company was supposed to deduct his TDS and this was also shown correctly in his Form 26AS till second quarter. This company hasn’t filed TDS return for the third quarter yet.

For return filed for A.Y. 2010-11, income tax refund is due. So can this be because of the bank details provided by him for refund purpose in return filed (A.Y. 2010-11).

Jyoti Malik (ACCOUNTANT) (2644 Points)
Replied 25 January 2011

Originally posted by : Shamita
	But which bank branch to contact for this matter. As per assessee, he hasn’t deposited any tax and the only credit to his account is of TDS deducted during F.Y. 2009-10 and 2010-11. Till this Sunday (23rd Jan. 2011), his tax credit status was shown correctly on the website, but it was only yesterday that this error has occurred. In F.Y. 2009-10, only one company has deducted his TDS and this was correctly shown in his Form 26AS. In F.Y. 2010-11, only one company was supposed to deduct his TDS and this was also shown correctly in his Form 26AS till second quarter. This company hasn’t filed TDS return for the third quarter yet. For return filed for A.Y. 2010-11, income tax refund is due. So can this be because of the bank details provided by him for refund purpose in return filed (A.Y. 2010-11).