Answer

ITR

What the booking status in Form 26AS means

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  1. Facts

    Form 26AS shows a booking status for each TDS entry. Final means matched and creditable; Unmatched means the deductor's challan details did not match bank records. Unmatched entries may not be credited until the deductor fixes the challan.

  2. Provisions and law

    • Sec 199, Income-tax Act 1961TDS deducted and paid to the government is treated as tax paid on your behalf and credited as per the Rules
    • Sec 200(3) (now Sec 397(3)(b))Deductors must file quarterly TDS statements and can file correction statements
  3. Analysis

    Common statuses are F (final), O (overbooked, where more is claimed than the challan covers), P (provisional, for government deductors) and U (unmatched). For U or O, the deductor must correct the challan details or the allocation in a correction statement. Tell the deductor the exact status and quarter. Check again after a few weeks.

  4. Conclusion

    1. Note the status letter against each missing entry.
    2. Send the status and quarter to the deductor.
    3. Ask for a challan correction or reallocation.
    4. Recheck Form 26AS after processing.

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