Supreme Form 16 And Form 26as Not Matching

Analyse the reason for the mismatch between the return filed and Form 16. While you receive your Form 16 from your employer you are given Form 16A by your bank. On submitting response you can see the differences between return filed and Form 16 or Form 26AS.

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Additionally Form 26AS also contains TAN Tax Deduction Account Number details of your employer.

Form 16 and form 26as not matching. The department relies on the Form 16 issued by the employer. The basis for detecting the mismatch in Form 26AS is your Form 16 and Form 16A. However many of us do not do that.

Kindly save all the available documents for your future reference. Employee after getting form 16 should match the TDS amount deducted and deposited with 26AS available on line to know whether the TDS deducted and details mentioned there in are correct or not. The IT department did not mind this up to AY 2016-2017.

If you fail to match all your actual financial transactions with Form 26AS and Form 16 before filing income tax returns and discrepancies are subsequently noticed you wont get credit for taxes. In the absence of the same if he has to go by Form 26AS. It can also happen in a situation where an individual has entered a wrong PAN card number.

Chartered accountants advise that once you have received TDS certificates such as Form-16Form-16A etc you must make sure that the amount of tax deducted as shown in the TDS certificate is reflecting in Form 26AS as well. Thus once assessee claims TDS supported by Form 16A the credit should be allowed to the assessee. If your employer has not yet rectified the Form-16 and if your Form 26AS is still not reflecting correct TDS suggest you to file the ITR as per the XY figure and you may then REVISE your ITR once you have corrected Form 26AS.

Sometimes if the employer has not deposited the amount with the department on time it is likely that TDS mentioned in Form 16 or 16A will not match with Form 26AS. If the employer has not deposited the TDS it will not reflect on Form 26AS. The exemption details do not get reflected in 26AS.

In either case you are in a better position to keep track of your TDS deducted. If there is no mismatch then you can fill up your income tax return and file it. AO should also consider the fact that there are technical or procedural issues due to which credit might not be appearing in Form 26AS but if deductor has issued Form 16A to the assessee the claim should be allowed.

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