TDS, advance tax & Form 26AS
The income-tax companions to your books: tax deducted, advance tax to plan, and a view to reconcile against Form 26AS.
Three reports support your income-tax work through the year, drawn from the same entries you already record.
| Report | What it helps you do |
|---|---|
| TDS | See the tax deducted on payments, in line with the TDS heads you set up. |
| Advance Tax | Plan your advance-tax instalments from the profit earned so far. |
| Form 26AS | Lay your records beside the Form 26AS tax-credit statement to spot mismatches before filing. |
Bring in your Form 26AS
Download Form 26AS from the income-tax portal as a text file (.txt) and upload it on the Form 26AS report. It reads the deductor-wise tax-credit entries — including the section, transaction date and booking status — straight from the file and lines them up against your books. A spreadsheet or CSV export works too. A 26AS text file is filed under its own year automatically, so it always lands in the right place.
See which credits are at risk before you claim
Once your 26AS is imported, the report also groups it deductor by deductor — each deductor and section, split across the four quarters — and flags any credit the tax system marks as unmatched or over-booked. That is credit that may be denied until the deductor corrects their filing, so you can chase it before you rely on it.
Bring in your AIS too
You can also upload your AIS (Annual Information Statement) on the same Form 26AS report. Because your AIS is protected, Kaalchakra asks for your PAN and date of birth to open it — these are used only on your device to read the file and are never sent anywhere. It brings in the advance and self-assessment tax you have paid, ready to reconcile alongside your books. It also brings in the income the tax department already has on record — interest earned, your GST turnover as the portal reported it, and other high-value entries — kept as a review list, never treated as a tax credit. Your TDS/TCS credit still comes from Form 26AS, which you import separately.
See it all line up — the Turnover Bridge
Reports → Turnover Bridge puts the year's turnover figures side by side: your GST outward turnover, your books revenue, and what the tax department was told through Form 26AS and AIS. It lays them out in the same reconciliation schedule a GST audit uses, and shows the exact difference to explain — built from your own records, with the explanation rows left for you or your accountant to complete. No reconciling figure is ever guessed.
If a statement won't read automatically
Most downloads read directly. If a file is laid out unusually and won't read on its own, Kaalchakra can offer to read it for you and lay out the rows — you review and confirm every row before any of it is brought in, and nothing is matched or claimed on your behalf.
Set up deductions first
The TDS report reflects the deduction heads you configure under Masters → TDS Deductions — get those right and the report follows. See TDS deductions.
Quarter-ends are the moments to look
Advance-tax dates fall through the year; a quick read each quarter avoids a scramble — and a penalty — at the end.
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