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FAQ » eTDS » PAN Ledger 26AS

Q1 From which financial year will the Annual Statement under Sec. 203AA (Form No. 26AS) be issued?

A1 The annual statement (Form No 26AS) will be issued for all tax deducted and tax collected at source from F.Y 2005-06 onwards after the expiry of the financial year. [Source : http://incometaxindia.gov.in]

Q2 How will the PAN wise ledger account be created by the intermediary i.e. NSDL in respect of payment of TDS made by deductors in Banks.

A2 The PAN wise ledger account will be created after matching the information in the TDS/TCS returns filed by the deductor/ collector and the details of tax deposited in banks coming through OLTAS.[Source : http://incometaxindia.gov.in]

Q3 What essential information will be required to be given in the quarterly statement to enable accurate generation of PAN wise ledger account?

A3 The accuracy of PAN wise ledger account will depend on:-

  • Correct quoting of TAN by the deductor.
  • Correct quoting of PAN of deductor
  • Correct and complete quoting of PAN of deductee.
  • Correct quoting of CIN ( challan identification number) wherever payment is made by challan.
[Source : http://incometaxindia.gov.in]

Q4 Will a deductee be able to view his ledger account on TIN website?

A4 Yes.[Source : http://incometaxindia.gov.in]