1179(Tax credit) How to use 26 AS instead of Form 16/16 A to file income tax return? Project - Make Knowledge Free Video Link - https://youtube/watch?v=XI0-kHYO-gc Narration - By Amlan Dutta. For previous year 2013 14 , i had salary and FD interest income . The Employer had given me TDS certificate for the salary TDS (form 16 ) .Same was the case for bank which gave me TDS certificate for the TDS that it had deducted on FD interest income ! What i present in this tutorial is how i can see all such figures in my tax credit statement (26 AS) in a much clearer comprehensive one place manner and u=interpret and understand it effectively to claim tax credit rather than using the TDS certificates ( Form 16 /16a/16b) to file my tax return in a more effortless manner ! This tutorial would help understand this wonderful practical concept in a effortless fluid manner ! I also advise my followers and subscribers to start using the tax credit statement and not the TDS certificates to claim tax credit ! I say this because i have many subscriber cases where they claim credit based on figures appearing in TDS certificate which is later disallowed by the assessing officer because such didnt reflect in the taxpayers tax credit statement ! So , taxpayer is required to go through the painful process of asking the deductor to revise the TDS return to properly m,ap the details of TDS deducted in such TDS return so that same starts reflecting in taxpayer tax credit statement ! Until it does , the tax credit is not given to the taxpayer ! So the tutorial does help to understand such concepts from a very close perpsective ! If the deductor doesnt listen , you can file a case for non adherence to law under the IT ACT 1961 , because TDS provisions apply to the deductor as well and he/she comes under the eye of the law just as you and i as a taxpayer do ! Its time that we educate the masses ! Cheers , Amlan Dutta
Posted on: Sat, 10 Jan 2015 16:32:42 +0000
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