What are the rights of a tax payer (deductee)?

Tax payer is entitled to obtain a certificate from the tax deductor u/s 203 of Income Tax Act, 1961 in Form 16-A specifying the amount of tax deducted and other prescribed particulars. TDS certificate in Form 16-A shall be treated as valid only if it is downloaded by the deductor from the TIN website.

Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement, with respect to a financial year, will include details of:

  1. Tax deducted at source (TDS);
  2. Tax collected at source (TCS); and
  3. Advance tax / self-assessment tax / regular assessment tax etc., deposited in the bank by the taxpayers (PAN holders).
  4. Paid refund received during the financial year
  5. Details of transaction of Mutual Fund, Shares and Bonds.
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