Smart Form Number 26as
Form 26AS is an annual statement which includes all the details pertaining to the tax deducted at source TDS information regarding the tax collected by your collectors the advance tax you have paid self-assessment tax payments information regarding the refund you have received over the course of a financial year regular assessment tax that you have deposited and information regarding high-value.
Form number 26as. Form 26AS is a consolidated annual tax statement that shows the details of tax deducted at source tax collected at source advance tax paid by the assessee along with self-assessment tax. Form 26AS is a solidified statement and declaration of income for the particular accounting year by a taxpayer under section 203AA of the Income Tax Act1961. Form 26AS is an important document for filing Income Tax Return ITR.
It contain information about tax deducted by employer banks and other persons tax collected on sale made to buyer refund given self-assessment tax and advance tax taxes paid details of high value transactions and TDS defaults. This information is specific to a Permanent Account Number PAN. Form 26AS contains the annual tax statement under Section 203AA Rule 31AB of the Income Tax Act 1961.
This income tax Form 26AS is linked with your PAN You can view Form 26AS from FY 2008-09 onwards Via netbanking of your bank account. The part A of form 26AS consists details of TDS deducted from your salary interest earned pension income and prize winnings etc. However this information is provided on a quarterly basis.
Form 26AS is a consolidated statement that keeps a record of all the tax-related information such as TCS TDS and refund etc based on PAN number for every financial year. This form can be accessed from the Income Tax Departments e-filing portal by a tax payer using hisher Permanent Account Number PAN. Form-26AS gives you all the details of Tax credits.
When filing ITR the assessee must ensure that the data entries appearing in Form 26AS match the information on the ITR. View Tax Credit Statement Form 26AS Perform the following steps to view or download the Form-26AS from e-Filing portal. It also contains details of any refunds received during the relevant FY.
Tax Deduction and Collection Account Number TAN of the deductor and the amount of TDS deducted and deposited are also mentioned. Form 26AS is a consolidated tax statement issued to the PAN holders. This facility has been provided to the deductor in order to verify whether the PANs for which user is deducting TDS are getting the credit for the same or not.