Don’t worry it is not another form which is filed by you on the other side you should be thankfull for Income Tax Department because now you can verify your TDS deducted by deducter whether it is deposited or not.It is the obligation by department in formal words we can say it is the ledger of department in which they create your account with debit or credit balance. Income Tax Department has all record mention in your account statement with its ledger. (download 26AS)
Example
1) A Deduct TDS of B for rs. 1000. A will deposit Rs.1000 in Bank then Bank will upload the data.(At this step an online ledger is maintained).
2) After deposit the tax A will file TDS return in which A mention B’s PAN and tax deposit detail i.e. Sr.No.of Challan. BSR code of Branch.
3) Now B file his income tax return on which they claim as refund for Rs. 1000 which was deducted by A.
Now question is how income tax department will check that A has deducted TDS and same was deposit in Bank. (because now income tax return is annexure less. No. form 16 or 16A will be attached).
So Income tax authority will cross check the amount of Rs.1000 with Bank upload Data and TDS return filed By A.
If Amount is matched then Income Tax Department will issued the refund immediately. If not then Department will withheld the refund or issue notice for supporting document for claimed refund. So be careful to save all documents i.e Original TDS Certificates, Original Income Tax Return.
TIN facilitates a PAN holder to view its Annual Tax Statement (Form 26AS) online. Form 26AS contains.details of tax deducted/collected on behalf of the taxpayer by deductors/collectors. advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders)
Steps for viewing Annual Tax Statement
(1)Registration of PAN by PAN holder
Online registration of User Id and password
(2) The PAN holder should save and print this acknowledgment-cum-receipt. This registration request has to be authorised by a TIN-FC within 15 calendar days of registration, otherwise, the registration will cease to exist and the PAN holder will have to register online again.
(3) The PAN holder should personally visit a TIN-Facilitation Centre of its choice and present a print out of the acknowledgment-cum-receipt generated onscreen at the time of registration of PAN, along with relevant proofs of identification.
(4)After the identity of the PAN holder is verified, the PAN holder should sign in the space provided for signature of PAN holder in the acknowledgment-cum-receipt, in the presence of the TIN-FC.
(5) The TIN-FC will visually verify the signature with the signature on the PAN card and thereafter, authorise the registration request online.
Now you can view Annual tax Statement by following Link
Annual Tax Statement
Registeration Fees
There is no charge for viewing the Tax Credit online, however, the TIN-FC may charge for authorization of PAN as follows:
a) TIN-FC will charge Rs.17 (i.e. Rs.15 + service tax) for authorisation of PAN registration request, when the PAN holder personally visits the TIN-FC.
b) TIN-FC will charge Rs.110 (i.e. Rs.100 + service tax) for authorisation of PAN registration request in those cases where the PAN holder opts for the TIN-FC to visit him.
FAQ on 26AS
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{ 4 comments… read them below or add one }
The following are left to incorporate in the list by your office.
1] Part-A
===> Madhya Gujarat Vij Company Ltd. PAN NO.BRDM02092G
Nature of payment:194A Dt:31.3.2009 Amount paid credited
Rs.109478.50 & TDS Deposited 22553.00
2] Part-C
====> H.Code # 0026 ,H.code% 300, Tax 25000, Branch Code-0271852
Dt:14.7.08,Challan.5148
I Want View My Last Year TDS amount by Internet
and doing 26as Regestration
how i can verify my tds credit avialable to me in income tax department
record .
I have forgotten both user ID & Password of my registration
please advise
SK Jain