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Category: Tax Planning

Tax planning is not about last-minute deductions in March. It is about understanding how each source of income is taxed, which forms and statements track it, and what you need to report, so there are no surprises when you file. For NRIs and returning Indians, cross-border rules add another layer.

This category covers both sides. For compliance, you will find guides to Form 16, Form 26AS, the situations where TDS applies, TCS limits on remittances under LRS, and official routes for income tax complaints. For planning, we explain the new tax regime slabs, the long-term capital gains exemption limit, Section 111A on short-term equity gains, Section 80-IAC for startups and the tax treatment of provident fund withdrawals. Investors will find posts on mutual fund redemption tax, ELSS and Section 80C benefits, and how sales of securities appear in your AIS. NRIs can read about RNOR tax benefits and FATCA reporting.

Wealth Munshi, an AMFI-registered mutual fund distributor (ARN 141775) based in Hyderabad, offers tax planning support, NRI tax compliance help and assistance with ITR filing.

Tax laws change every year, so confirm the current rules for your own case. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

Hero Image: RNOR Tax Benefits: Foreign Income and Schedule FA

RNOR Tax Benefits: Foreign Income and Schedule FA

The status is a temporary shield on foreign income, not a permanent non-resident label. Rnor tax benefits come from the limited scope of taxable income while you..

Hero Image: The statement is a credit list, not a return. 26as statement of income tax shows what the department has already recorded against your PAN. Quick Answer Box Statement of tax credit (TDS, TCS, taxes paid, refunds) is Form 26AS. It is still there. Login on incometax.gov.in → e-File → Income Tax Returns → View Form 26AS (redirects to TRACES). Some banks also provide a net-banking link to the same statement. No login, no download. AIS is wider. You file with 26AS. You do not “file” the 26AS itself. What Is Form 26AS? What is statement of 26a? This is the consolidated annual statement of tax credits and other relevant information relating to your PAN on the basis of information filed by the deductors, collectors and banks. Typical contents are: TDS deducted by the employers (salary), banks (interest), tenants, clients and others with TAN, amount and the section. TCS Collected on Certain Transactions. Tax Paid by you (with challan details) -- advance tax, self assessment tax and other taxes. Refunds given. Some high value or designated transactions that the department has chosen to show in the statement over time. Some views are required or defaulted. TRACES is more concentrated on TDS and TCS from a pure tax-credit perspective, while the broader transaction picture has moved to AIS as of assessment year 2023-24. “Always open both of 'em. 26as is still available? Yes. The route through e-filing portal to TRACES is still available for current assessment years. Under the Income-tax Act, 2025 commentary notes that the wider annual information statement is being carried as Form 168 and Form 16 becomes Form 130. Form 26AS (or its functional successor) still remains the credit statement you match with Form 16 and Form 16A for returns of earlier years and credit matching for current cycle. The statement of Form 26as is not ITR. You don't submit it. You download or look at it, match it up with the certificates you have, and then take the matching credit on the return you file. How to Get It How to get 26as statement. How to download Form 26AS from the income tax portal. Go to incometax.gov.in and log in with PAN (or Aadhaar) and password. Open e-File → Income Tax Returns → View Form 26AS. Accept the disclaimer. The site redirects you to TRACES (tdscpc.gov.in). Agree to the terms and choose View Tax Credit (Form 26AS). Select the assessment year (for income of FY 2025-26 choose AY 2026-27). Choose HTML to view on screen or download as PDF / text. How can i get 26as form without login? You can't get it with no authentication at all. The official alternative is net banking from some authorized banks. Once logged in the bank, look for Tax Services or Income-tax / Form 26AS. The bank will then re-direct you to TRACES. You still have to authenticate (through the bank). SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank and such other banks as may be notified by the department from time to time are authorized banks. This is not a public open link How to file 26AS statement of income tax online in India is a misnomer of the process. The statement can be viewed or downloaded online. You file the income-tax return and take credits as shown in 26AS (and AIS). Best Websites to View Income Tax statement 26AS easily. Best apps to check 26AS tax credit statement on mobile. The reliable platforms are the official e-filing portal (mobile browser or the department’s app where offered) and the net-banking apps of authorized banks. The data is not sourced from third-party '26AS viewer' applications. Prefer your bank or the portal. There is no official list of “best” third-party apps. What the Statement Shows and How It Differs from AIS The information that is reflected in 26AS income tax statement is: Part-wise or section-wise TDS and TCS along with TAN of the Deductor, amount credited or paid and tax deducted or collected. Taxes paid by you (advance tax, self assessment, regular assessment) Reimbursements. Specific financial transactions or TDS on property in specific periods (like under section 194-IA). AIS(Annual Information Statement) is wider. It covers interest, dividends, securities transactions, mutual fund purchases and redemptions, high-value spending and many other reported items, and you can give feedback if an entry is wrong. TIS is a category-wise summary generated from AIS and used to pre-fill the return. Form 26AS still remains the preferred tax-credit view to crosscheck that the TDS you expect is actually deposited against your PAN. A mismatch (Form 16 has TDS that 26AS does not have) is usually due to a deductor filing or PAN error. Fix it with the deductor before relying on the credit. Do not add any credit that is not reflected in 26AS. Financial & Technical Data Matrix – Three Statements Statement Main content Primary use Form 26AS TDS, TCS, taxes paid, refunds Claim tax credit in the ITR AIS Broader reported transactions + feedback See what the department already has TIS Category summary from AIS Pre-fill check Official source Portal → TRACES (or authorised bank → TRACES) Not a third-party app Risk Analysis: Eleven 26AS Errors Searching for a no-login public download. Treating 26AS as the return you file. Claiming TDS that does not appear in 26AS. Ignoring AIS because 26AS looks complete. Using an old assessment year. Assuming a bank path works for every bank. Opening a third-party app as the official source. Missing TCS on foreign remittances or property. Not matching the TAN on Form 16 to the entry in 26AS. NRIs expecting a foreign portal to show Indian 26AS. Citing only the 1961 form number after the 2025 Act renumber without checking the live portal. Generic Advice vs. Strategic Thinking Matrix Decision Point Generic Advice Strategic Thinking Access “Download without login” Portal login or authorised bank net banking Use “File 26AS” View it, then file the ITR Scope “It shows everything” Credits here; wider picture in AIS Apps “Best 26AS app” Official portal or bank Mismatch “Ignore it” Ask the deductor to correct 24Q / 26Q Strategic thinking opens 26AS and AIS before the return is submitted. Closing Perspective Form 26AS is tax credit statement. It is available after login at the income-tax portal (or via authorized bank net banking). It shows TDS, TCS and taxes paid . The more general statement is AIS. You use 26AS to prove the credit you are claiming. You do not file the 26AS itself. Official channels exclusively. This is general information, not a filed return or a credit guarantee. People Also Ask What is the 26AS statement? The annual tax-credit statement showing TDS, TCS, taxes paid and refunds linked to your PAN. Is Form 26AS still available? Yes. View it after login at incometax.gov.in; it redirects to TRACES. Can I get it without any login? No. The alternative is net banking of certain authorised banks, which still authenticates you and leads to TRACES. How do I download it? Log in → e-File → Income Tax Returns → View Form 26AS → confirm redirect → select year and format. What details does it show? TDS and TCS with deductor details, advance and self-assessment tax, refunds, and certain other credits. How is it different from AIS? 26AS is the focused credit statement. AIS is the wider transaction statement with a feedback option. Do I file Form 26AS? No. You view or download it and use the credits while filing your income-tax return. How can WealthMunshi help? WealthMunshi provides tax-planning support when 26AS credits and certificates do not match, not as the portal. A missing TDS line in 26AS is a deductor problem, not a reason to guess the credit. Readers reconciling salary or interest certificates can schedule a pre-filing match of Form 16 / 16A against 26AS and AIS.

Form 26AS: What It Shows and How to Download It

The statement is a credit list, not a return. 26as statement of income tax shows what the department has already recorded against your PAN. Quick Answer Box..

Hero Image:Section 80-IAC: Startup Deduction, IMB and Turnover

Section 80-IAC: Startup Deduction, IMB and Turnover

Recognition is not the holiday. 80iac of income tax act is a three-year profit deduction that starts only after a second certificate. Quick Answer Box 100 percent..

Hero Image:Form 16 in Income Tax_ Employer, TRACES, Portal

Form 16 in Income Tax: Employer, TRACES, Portal

The certificate is not the return. Form 16 in income tax is what the employer gives you after deducting tax on salary. Quick Answer Box Form 16..

Hero Image: Section 111A: 20% Tax on Equity Short-Term Gains

Section 111A: 20% Tax on Equity Short-Term Gains

A share sold inside a year does not borrow the long-term exemption. 111a of income tax act is the short-term equity rate. Quick Answer Box Equity STCG..

Hero Image:Long Term Capital Gain Tax Exemption Limit India

Long Term Capital Gain Tax Exemption Limit India

Two different “limits” sit in the same search. One is a yearly rupee threshold on equity. The other is a reinvestment rule on a house. Mixing them..

Hero Image: Income Tax Complaint About Black Money Official Routes

Income Tax Complaint About Black Money: Official Routes

Parliament has told the House that the phrase “black money” is not an expression in the Income-tax Act or in the Black Money Act. What the department..

Hero Image: New Tax Regime Slabs for FY 2026-27 and AY 2027-28

New Tax Regime Slabs for FY 2026-27 and AY 2027-28

The financial year starting on 1 April 2026 is the first full year under the Income-tax Act, 2025. What most salaried residents will be using is the..

Hero Image: Taxation on Provident Fund Withdrawal EPF, PPF, TDS

Taxation on Provident Fund Withdrawal: EPF, PPF, TDS

The provident fund is three different pots under one search bar: the workplace EPF, the 15-year PPF and pension products people lump in as ‘PF’. Taxation on..

Hero Image: Tax Collected at Source Limit LRS, Cars & Credit

Tax Collected at Source Limit: LRS, Cars & Credit

TDS is deducted by the payer. The TCS is collected by the recipient. The collector will write a line on the invoice or the outward-remittance advice and..

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