When you apply for an SME loan, you need to give the lender some supporting documents (including your Form 26AS) along with your business loan application. The lender uses these documents to conduct a credit assessment of your financial needs and decide whether to approve your loan request.
While the list of required documents may change depending on the lender you apply with, documentation about your TDS and TCS is something almost all lenders will require.
To get this information, you can download your Form 26AS.
What is Form 26AS?
Form 26AS is your Tax Credit Statement for IT Returns filed in a given financial year. It provides information about your various sources of income and includes the following information:
- Tax deducted on your income by deductors
- Details of tax collected by collectors
- Advance tax paid by you
- Self-assessment tax payments
- Regular assessment tax deposited by you
- Details of refund received during the financial year
- Details of other high-value transactions done during the financial year
How do I download my Form 26AS online?
For PAN card holders who bank with an NSDL authorized bank and use net banking, you can view your Form 26AS on the net banking portal of your bank.
Below is a list of banks authorized by NSDL who can provide their customers with their Form 26AS:
| Axis Bank Limited | Bank of India |
| Bank of Maharashtra | Bank of Baroda |
| Citibank N.A. | Corporation Bank |
| City Union Bank Limited | ICICI Bank Limited |
| IDBI Bank Limited | Indian Overseas Bank |
| Kotak Mahindra Bank Limited | Indian Bank |
| Karnataka Bank | Oriental Bank of Commerce |
| State Bank of India | State Bank of Mysore |
| State Bank of Travancore | State Bank of Patiala |
| The Federal Bank Limited | The Saraswat Co-operative Bank Limited |
| UCO Bank | Union Bank of India |
Alternatively, you can download your Form 26AS through the Income Tax Department e-filing portal by completing the steps mentioned below:
Step 1: Visit the Income Tax e-filing portal and log in.
Step 2: Once you are in your account, go to the “e-File” option on the main menu at the top of the page.
Step 3: Then hover over the “Income Tax Returns” menu option and then and click “View Form 26AS (Tax Credit)”.
Step 4: After reading the disclaimer, select “Confirm” and you will be redirected to TDS-CPC TDS Reconciliation Analysis and Correction Enabling System (TRACES) portal.
Step 5: In the TDS-CPC Portal, agree to the acceptance of usage and click on “Proceed”.
Step 6: Now click on “View Tax Credit (Form 26AS)” at the bottom of the page.
Step 7: Select the “Assessment Year” and “View Type” and enter the Verification Code.
Step 8: Click “View/Download” or “Export as PDF” depending on your needs.
Once downloaded, save your Form 26AS with your other tax documents or share a digital copy of it with your lender when you apply for an SME loan.
If you need your Form 26AS because you’re applying for an SME loan, consider using CreditEnable’s technology platform to get a hassle-free business loan.
Why should I apply for an SME loan with CreditEnable?
When you apply with us, we give you a full list of documents needed to complete your loan application upfront, so you don’t have to go back to the lender multiple times to submit one document after another.
Once your share all the required documents with us, our award-winning lender-matching technology will assess your business and financial needs and match you with an SME loan product perfect for your needs. Since you meet the lender’s credit requirements, you’ll pass their credit assessment and have your loan approved quick!
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