Resolutions to the problems that taxpayers face in getting credit for tax deducted at source

  1. The reconciliation and communication with the deductor has to be at par in getting the correct information being reported to the 26AS before the income tax return to be filed.

  2. The transaction value in 26AS should be duly reconciled with the sales value in the P&L account.
  3. TDS on advances should be duly adjusted in the books of accounts and the same should be reported as carry forward in the return.
  4. Any other heads income reported in 26AS Form should be given appropriate accord in the P&L and the same should be carefully reported in the income tax return.
  5. Any brought forward credits of TDS should be reconciled with books and the correct part of the same should be claimed in the return as credit.