26 AS and AIS showing incorrect information

Taxation
1

@Quicko A couple of questions related to 26AS and AIS.

  1. 26 AS Information is showing incorrect information for Dividend received. As per Zerodha’s report, I have received less than 1k for Bajaj Finance but in the 26 AS report, they have shown Dividend received ~8k and have deducted 10% TDS on it. As per Zerodha, their report is correct and 26 AS is showing incorrect information. How do I fix it?

  2. I paid self-assessment tax twice more than a month ago, it is still not reflected in 26 AS nor in the AIS. I am worried about why it is taking so much time to reflect on AIS or 26 AS. I have crossed checked, the information is correct (assessment year, etc.) Do I need to do anything so that the tax-paid information gets reflected on AIS?
    Note: Adnavced tax that I paid is reflected correctly on AIS, it is only the self-assessment tax that is not getting reflected for more than a month.

I want to submit my ITR early ,but I am worried since the information is not reflected on 26 AS

2

Damn this is dangerous. Everything has to be re checked.

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4

Yes, but the problem is the self-assessment tax paid is not displayed in both the places (26 AS nor the AIS)

5

Advance tax? You can add chalaan details i guess

6

yes, I have added it that way but what if it does not match the numbers when they verify my ITR? If the tax paid does not show up, the numbers won’t match and they can ask me to pay additional tax based on their calculation.

7

Not an expert but if they ask then you can show the chaalan pdf provided by the bank

8

Yes, but it becomes complicated once when it does not match and the IT is after you

9

You have to cross check the data with actual dividend received to what is uploaded on 26AS & AIS. Also count number of shares you hold in Bajaj Finance and and total dividends declared during the year. Totally relying in Zerodha may not be the best options as there might be some mistake from their end also.

Same problem I’m facing. I’m just hoping that 26AS will reflect the taxes I paid within this month so I can finish the task of filing my returns.

10

Hi @Jack_R

It is possible that there is a mismatch in the amount of dividend shown in Form 26AS and Zerodha’s report. However, you can verify the actual amount of dividend received from your bank account, and add the actual amount of the dividend in your ITR.

Regarding the self-assessment tax payment, if you have the challan or proof of payment, you can add them while filing your ITR, even if it is not reflected in AIS or Form 26AS. Please note that starting from the AY 2023-24, advance tax and self-assessment tax payments will be reflected in AIS and not in Form 26AS.

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11

Thanks, I have cross-checked the dividend but I want to know how do I fix the 26 AS incorrect information and the TDS deducted?

12

@Jack_R

Information in 26AS comes from the TDS return filed by the deductor. You can reach out to the deductor with the details and once they file the correction TDS return, data in form 26AS will auto-correct.

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