26AS,PAN LEDGER,TAX VIEW THROUGH NET BANKING FACILITY

Friday, August 12, 2011 | comments

Friends,  Now Form 26AS or PAN Ledger is not new for Income Tax Assesses.   Online view of Tax Credit Statement (Form 26AS) of taxpayers is available to net banking account holder of 26 registered banks for the benefits of the Tax Payer. 

PAN Number is not Available with Income Tax Department
              I have an experience for viewing 26AS with Internet Banking which I want to share with you that as and when, I tried to open 26AS through Net Banking facility through Bank of Baroda.  It shows that Database is not available with Income Tax Department.  I was surprised that 26AS was properly working with other banks except Bank of Baroda.  Then I check PAN  Number specifically and found that bank has entered PAN number with spaces as given under :-
ABCDE 9999 L
             For removing problem, I get a print from bank website and present in Bank for needful correction or removing blank spaces from PAN as ABCDE9999L.  After that there was no problem in 26AS while using  net banking  with Bank of Baroda etc. 

INTRODUCTION

The Tax credit Statement (Form 26AS) helps to taxpayers
  1. Preparing income tax returns
  2. Verify detail of tax deducted at source (TDS)
  3. Verify detail of tax collected at source
  4. Verify detail of tax payment made by taxpayer (advance tax/self assessment tax)
  5. Details of paid refund received during the financial year
The Tax Credit Statement (Form 26AS) are generated wherein valid PAN has been reported in the TDS returns as well as in the OLTAS challans.

One of the modes through which tax payer can avail view of Tax Credit Statement (Form 26AS) is through net banking facility provided by banks. To avail this facility, the PAN holder is required to have net banking account with any of authorized bank, where in view of Tax Credit Statement (Form 26AS) can be made available to PAN holder which is mapped to that particular account. To provide this facility to net banking account holder, bank should get registered them self with National Securities Depository Limited (NSDL).


 List of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below
  1. Allahabad Bank
  2. Axis Bank Limited
  3. Bank of Baroda
  4. Bank of India
  5. Bank of Maharashtra
  6. Canara Bank
  7. Citibank N.A.
  8. City Union Bank Limited
  9. Corporation Bank
  10. ICICI Bank Limited
  11. IDBI Bank Limited
  12. Indian Overseas Bank
  13. Indian Bank
  14. Karnataka Bank Limited
  15. Kotak Mahindra Bank Limited
  16. Oriental Bank of Commerce
  17. State Bank of Hyderabad
  18. State Bank of India
  19. State Bank of Mysore
  20. State Bank of Patiala
  21. State Bank of Travancore
  22. The Federal Bank Limited
  23. The Karur Vysya Bank Limited
  24. The Saraswat Co-operative Bank Limited
  25. UCO Bank
  26. Union Bank of India


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