Can you rectify your 26AS?

Share This Post

Last updated on November 7th, 2022 at 08:17 am

What to do if a wrong high-value transaction appears in 26AS?


The government of India has mandated the filing of form 26AS containing specified high-value financial transactions.  This initiative by the government is truly an appreciable step towards tracking income tax avoidances by taxpayers and avoiding illegitimate transactions (if any). Hence, it is important for every taxpayer to verify the transactions appearing in Form 26AS. Else, that can lead to tax notices or demands from income tax officials.

We have already explained in detail the need and requirements related to SFT in our below posts:

All about filing of SFT and consequences of non-compliance

What to do when your 26AS indicate SFT transactions?

Details that will reflect in Form 26AS

However, some taxpayers are noticing irregularities or incorrect data capture in their 26AS. Some taxpayers could see SFT transactions mentioned in their 26AS for the banks with whom they neither have any transaction nor an account. This creates confusion and worries among taxpayers.  In this post, we would be addressing some options available to taxpayers to correct the details in 26AS.

  • In case any taxpayer notices a wrong entry in 26AS that needs to be corrected, the taxpayer should inform the inaccuracy in such statement and furnish the correct information to the specified authority / SFT reporting entities in writing, with a request to make necessary corrections. However, this can be corrected by the specified authorities at their discretion / only if they are convinced about the mistake.
  • At times the taxpayers can face problems to get the 26AS corrected as the SFT reporting entities can turn unresponsive. In such a scenario, it is advised to file your tax return with the correct information/explanation. This will avoid receipt of notices for non-filing of the tax returns.
  • The other option for the taxpayer is to clarify it when the tax department sends notices.


CA Janhavi Phadnis


Disclaimer: The above content is for general info purpose only and does not constitute professional advice. The author/ website will not be liable for any inaccurate / incomplete information and any reliance you place on the content is strictly at your risk.

Follow us on Social Media by clicking below

Share This Post


  1. I have got valueable information regarding the 26AS form filled up and if wrongly submitted the INCOME it can be corrected but is it possible I corporate sector?
    What can a senior citizen can do if his income shown excess then actually what it is?
    Due to wrong shown income if any one has been denied for Refund claim and he has to pay the income tax?
    What a senior citizen can do for to get the justice?

    • You can file your return showing the correct income.
      Provide feedback against the incorrect income shown in AIS.

      Request the corporate to revise their SFT form or at least take a declaration that incorrect income has been shown by them which is creating a problem for you.
      In case the refund is denied or demand is raised submit proof of correct income

  2. I got 139(9) notice,I have checked the 26AS it’s showing some 2 lakhs as a income,but those are online game transactions not winning,they have also deducted tds for my winnings.what to do now , please suggest me.Thanking you.

Leave a Reply

Your email address will not be published.