When should we download 26AS and AIS so it has all the correct info? In short what is the deadline for govt, until when it’ll upload all info to these forms?
Hey @Chb,
The data in these forms is updated based on the information provided by reporting entities. For example, banks are liable to deduct TDS on interest and this TDS will reflect in your Form 26AS once they file their TDS returns. The due date to file TDS returns for Q4(Jan-Mar) is 31st May 2024. Hence, you can expect such information to reflect in your form 26AS by the 1st week of June.
So I can expect 26as to have all info by June atleast second week, and it won’t change after that?
Hi @Chb,
Yes, we can expect the details in these forms to be updated by then.
What to be done, if AIS got updated after July 31st ( after Due date of filing return) and income is reported as per old AIS (before updating) and even the ITR was processed by department considering old AIS?
Hey @Harish_Shenoy_R ,
The only way to correct this data now, is to file an updated return. To file an updated return successfully, you need to pay some tax before submitting the same.
You can read more about updated returns here.
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