What is income tax 26 as?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rakkesh asked over 3 years ago

What is income tax 26 as?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 3 years ago

Hi, Form 26As contains details Tax deducted and collected on behalf of the tax payer It also contains details of advance tax self assessment tax paid by the tax payers Income tax refund during the financial year. High value financial transactions of share mutual funds etc You can view form 26AS by following the procedure Login to the website of income tax efiling Go to my account tab You will fin an option to view tax credit statement the you will land to date of birth verification page Permission will be asked to go to nsdl site and after you confirm you will be redirected to form 26AS Just select the assessment year for which you want the details Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 3 years ago

The Form 26AS contains: Details of tax deducted on behalf of the taxpayer by deductors. Details of tax collected on behalf of the taxpayer by collectors. Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders) The Income Tax Department allows PAN holders to view their Tax Credit Statement (Form 26AS) online. The Form 26AS contains: Details of tax deducted on behalf of the taxpayer by deductors Details of tax collected on behalf of the taxpayer by collectors Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders) Details of paid refund received during the fi

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Picsjoin 2017224123730582 Archana answered over 3 years ago

Hie Rakesh, **Form 26AS is :-** Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement with respect to a financial year will include details of: a) tax deducted at source (TDS); b) tax collected at source (TCS); and c) advance tax/self assessment tax/regular assessment tax etc. deposited in the bank by the taxpayers (PAN holders)

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Open uri20170510 32134 1c996lj?1494421732 Anil answered over 3 years ago

The Form 26AS contains: Details of tax deducted on behalf of the taxpayer by deductors. Details of tax collected on behalf of the taxpayer by collectors. Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders) Details of paid refund received during the financial year. Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement with respect to a financial year will include details of: a) tax deducted at source (TDS); b) tax collected at source (TCS); and c) advance tax/self assessment tax/regular assessment tax etc. deposited in the bank by the taxpayers (PAN holders). **`purpose of Form 26 AS`** The credits available in the tax statement confirm that: a) the tax deducted/collected by the deductor/collector has been deposited to the account of the government; b) the deductor/collector has accurately filed the TDS/TCS statement giving details of the tax deducted/collected on your behalf; c) bank has properly furnished the details of the tax deposited by you. Form 26 AS is consolidated tax statement (Form 26AS) is used as a proof of tax deducted/collected on your behalf and the tax directly paid by you along with your income tax return, Income tax payer is no longer required to attach photocopy of TDS certificate along with Income tax return.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CHITRANJAN AGARWAL answered over 3 years ago

Dear Rakesh, Form 26AS is generated annually, for a Financial Year. Form 26AS will be generated whenever tax related transaction(TDS deducted,Advance tax paid) happens in relation to the tax payer. It is a live document which is updated as the transactions are reported / processed for the given FY. Only a registered PAN holder can view their Form 26AS on TRACES. You can view your Form 26AS in TRACES from AY 2009-10 onwards or from FY 2008-09 onwards. The address reflecting in Annual Tax Statement (Form 26AS) is picked up from Income Tax Department’s PAN database with the details of latest PAN card issued to you The password for opening Form 26AS will be your Date of Birth (in DDMMYYYY format), e.g., if your date of birth is 01-Feb-1980, password will be 01021980. any other query feel free to contact us. Writer CA Chitranjan Agarwal

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