Tax Glossary Definition
Reconciliation of Tax Deducted at Source (TDS) involves verifying that the TDS claimed by the taxpayer matches the entries in Form 26AS, ensuring that the correct amount of tax is reflected in the Income Tax Return (ITR). This helps avoid mismatches and potential notices from the tax authorities.
Example: TDS of ₹6,000 on fixed deposit interest is shown in Form 26AS and should be matched while filing the ITR.
Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.
We ensure maximum tax benefits.
Taxes? Handled by our CAs and experts.
Reliable, year-round tax support at no cost.
Satisfaction or your money back came twice.
Mobile App Available on: