Fix these errors in Form 26AS before filing your Income Tax returns

Taking excess tax credit while filing your returns could lead to a notice from the income-tax department, say experts.

With only a month and a half left for the December 31 deadline for filing Income-Tax Return (ITR) for FY 2020-21, taxpayers should begin the process now and not wait till the last minute. Filing of ITR should begin with checking Form 26AS. Tax filers need to see if the information contained in it matches with the information in Annual Information Statement (AIS) and in Form 16.

Check both documents

Checking only Form 26AS or AIS will not suffice for filing tax returns this year. Archit Gupta, chief executive officer (CEO) at Clear, says, “Taxpayers need to review both Form