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How is my Form 26AS updated after my deductor deducts my tax?

April 26, 2017deductor deducts form tax updated

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How is my Form 26AS updated after my deductor deducts my tax?

2 Answers

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A7 As and when TDS/TCS statements furnished by the deductors are uploaded to TIN central system challan information from the statements and the challan information from bank uploads are matched and Form 26AS is updated. This is a daily activity. As per the Income Tax Act the deductors/collectors are required to file their TDS/TCS statements every quarter. This means that within about 15 days of the deductors filing quarterly e-TDS/TCS statement the TDS/TCS entries will be posted in the tax statement which is available in the TIN website.

0

Posted

As and when TDS/TCS statements furnished by the deductors are uploaded to TIN central system, challan information from the statements and the challan information from bank uploads are matched and Form 26AS is updated. This is a daily activity. As per the Income Tax Act, the deductors/collectors are required to file their TDS/TCS statements every quarter. This means that within about 15 days of the deductors filing quarterly e-TDS/TCS statement, the TDS/TCS entries will be posted in the tax statement which is available in the TIN website.