A taxpayer may pay tax in any of the following forms:

• Tax Deducted at Source (TDS)
• Tax Collected at Source (TCS)
• Advance Tax or Self-Assessment Tax

The Income Tax Department maintains a database of the total tax paid by all taxpayers, which is called tax credit in the taxpayer's account. The ITD generally allows taxpayers to claim the credit of taxes as reflected in their Form 26AS.

• Non-filing of TDS return by Deductor
• Non-payment of TDS by Deductor
• Quoting of wrong AY or wrong PAN (or no PAN)
• Incorrect challan details in the TDS returns submitted
• Challan details wrongly quoted in the TDS return by Deductor or in details uploaded by the bank

You can take the following action to correct the details in your Form 26AS:

1. Provide a correction statement (via NSDL website) for only those records that require correction.

2. In cases of a mistake made by the Deductor (e.g., your employer), you should contact the Deductor and request them to:

• File the TDS return if it is still pending
• Furnish a revised TDS return if they filed the return with incorrect details / wrong or no PAN
• If there is a mistake made by the bank (e.g., in tax amount, PAN), you should request the bank to rectify it in the challan details uploaded by the bank
• Especially in cases of tax amount being wrong, it is mandated that you get it corrected – else you will not get a tax credit for deductions that are not mentioned in Form 26AS.

• Non-filing of TDS return by Deductor
• Wrong PAN number of the employee quoted by the Deductor.
• Wrong PAN / TAN of Deductor / AY quoted
• Wrong Challan Identification Number (CIN) of TDS payment quoted in TDS Return
• Omitted detail of TDS payment
• Challan-wise annexure in TDS Statement does not mention details of the employee (e.g., name or gender)
• False / Excess TDS amount claimed in the return

Compare the figures in Form 26AS with that of Form 16 and Form 16A. Mismatches between your Form 26AS and Form 16 or TDS certificates may lead to less refund or more taxes payable. If you find that any of the above details don't match:

• You need to inform the party responsible for deducting TDS from your income (i.e., your employer).
• The employer has to file a revised TDS Return. Ensure that the details are correct in the revised TDS return to avoid another mismatch.

• If you are a single or joint owner of a single property, you can file ITR-1 for AY 2021-22
• If you own more than one property, you can't file ITR-1 (even as a single owner)

• Link Aadhaar and PAN.
• Pre-validate your bank account where you want to receive your refund.
• Choose the correct ITR before filing it; else filed return will be treated as defective and you will need to file a revised ITR using the correct form.
• File the return within the specified timelines.
• Verify your return and you can opt for e-Verification (recommended option – e-Verify Now) is the easiest way to verify your ITR.
• File the responses for the notices received from the ITD within the specified timelines.

a) In case of all assessees (other than the eligible assessees as referred to in section 44AD and 44ADA of the Income Tax Act):

• At least to 15% On or before 15th June
• At least to 45% On or before 15th September
• At least to 75% On or before 15th December
• 100% On or before 15th March

b) In case of eligible assessee as referred to in section 44AD and 44ADA:

100% On or before 15th March

Any tax paid on or before 31st March will be treated as Advance Tax paid during the same FY. The deposit of Advance Tax is made through challan ITNS 280 by ticking the relevant column, i.e., Advance Tax. Self-Assessment Tax: After filling out your ITR form with the TDS and advance tax details (if paid), the system computes your income and checks whether tax is still payable. You need to pay it and then fill in the challan details in the return before submitting it.

1. Donations entitled for 100% deduction without qualifying limit
2. Donations entitled for 50% deduction without qualifying limit
3. Donations entitled for 100% deduction subject to qualifying limit
4. Donations entitled for 50% deduction subject to qualifying limit

You need to check the exemption limit on your donation receipt and claim deduction accordingly while filing your return.

• In case of unlisted shares in a company, the period of holding to be considered is 24 months instead of 36 months.
• With effect from AY 2018-19, the period of holding of immovable property (being land or building or both) shall be considered as 24 months instead of 36 months.

• Sale, exchange or relinquishment of the asset;
• Extinguishment of any rights in relation to a Capital Asset;
• Compulsory acquisition of an asset;
• Conversion of Capital Asset into Stock-in-Trade;
• Maturity or redemption of a Zero Coupon Bond;
• Allowing possession of immovable properties to the buyer in part performance of the contract of the nature referred to in section 53A of the Transfer of Property Act, 1882;
• Any transaction which has the effect of transferring an (or enabling the enjoyment of) immovable property;
• Disposing of or parting with an asset or any interest therein or creating any interest in any asset in any manner whatsoever.

• If loss under the head Capital Gains incurred during a year cannot be adjusted in the same year, then unadjusted Capital Loss can be carried forward to next year.
• In the subsequent year(s), such loss can be adjusted only against income chargeable to tax under the head Capital Gains, however, Long-Term Capital Loss can be adjusted only against Long-Term Capital Gains. Short-Term Capital Loss can be adjusted against Long-Term Capital Gains as well as Short-Term Capital Gains.
• Such loss can be carried forward for eight years immediately succeeding the year in which the loss is incurred.
• Such loss can be can carried forward only if the return of income / loss of the year in which loss is incurred is furnished on or before the due date of furnishing the return, as prescribed u/s 139(1).