you may be thinking that with the end of the financial year your tax troubles are done with before you heave a sigh of relief do check whether the tax deducted from your income has been considered as paid by the income tax department if the tax has not been credited to your name and pan number your tax problems may have just begunall the taxes paid by a taxpayer in a financial year are mentioned in the annual tax statement or the form 26 as this includes the tax deducted at source tds on salary bank interest and any consultancy payments from clients as well as the taxes paid directly by the individual details of the company or bank that deducted the tax and its tax deduction account number tan are mentioned in the form any tax refund due to the taxpayer is also mentionedhowever there are cases when the tds is not deposited with the government in many cases employers professionals or contractors dont deposit the tax even though they deduct tds from the payment says ameet patel tax partner sudit k parekh co in other cases the tax has been deposited but the pan number is either missing or incorrect at the time of uploading details of tax credit or through tax challans banks sometimes upload incorrect or incomplete information says shaunak dalal direct tax partner of chartered accountancy firm mzs associates in both instances the taxpayer is not given the credit for the tax paid the income tax department says that incorrect pan or tan are the most common reasons for a taxpayer not getting credit for the tax deducted from his incomethis slipup can have serious ramifications for the taxpayer if the tax supposedly paid by you is not mentioned in the form 26 as the income tax department may raise a demand for more the taxpayer will not be allowed tax credit if the payments are not reflected in the annual tax statement says dalalmumbaibased insurance agent lalit jadhav knows well how problematic this can be the 6000 deducted from his insurance commission by his company in 200910 did not reflect in his form 26 as as a result he didnt get the refund he expected when i approached the assessing officer i was told that the refund was adjusted against my tax duesas the tax had already been deducted jadhav went back to the insurance company for a rectification of the error finally after eight rounds of the income tax office and submitting in writing that taxes have been cut and getting a tds certificate from the insurer was he able to get the credit for his tax paymentsmake sure you dont face the same problems when you file your returns this year the last date for filing your tax return is about three months away but it never hurts to start early dont wait till the last few days a taxpayer should check his form 26 as well in advance