Discussion on Understand Form 16 before e-filing your income tax return

Form 16 and
by R Chakravarti on Jul 04, 2015 06:32 PM | Hide replies

Form 26AS are equally important.

The latter gives details about all tax received by the Govt from the taxpayer and others on his/her behalf.

When this is available, no other TDS certificates (from banks, etc.) are needed.

The return should completely agree with Form 26AS. It is up to the taxpayer to ensure this.

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Re: Form 16 and
by R Chakravarti on Jul 04, 2015 06:37 PM
Correction: There may be other income not mentioned in 26AS. If so, it should be included in the return, along with tax paid directly by the taxpayer after 26AS was generated. (The latter is called advance tax if paid by March 31 and self-assessment tax if paid later.)

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Discussion Board	Understand Form 16 before e-filing your income tax return