What is Form 26AS?
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What it contains
TDS deducted by employers, banks and tenants; TCS collected by sellers; advance/self-assessment tax challans; and refunds paid. It is the department's record of tax credited to your PAN.
Why it matters
If you claim TDS credit that isn't in 26AS, the refund is held up. If your declared income is lower than what 26AS/AIS implies, expect a 143(1) adjustment or a scrutiny notice. Reconcile first.
Related questions
What is the difference between Form 26AS and AIS?
Form 26AS focuses on tax credits (TDS, TCS, tax paid). The AIS (Annual Information Statement) is broader — it adds interest, dividends, securities transactions, foreign remittances and more. Check both before filing.
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General information for AY 2026-27, not professional advice. Rules change with each Finance Act / notification and depend on your facts — verify with a licensed CA or advocate before acting.