What is income tax 26 as?
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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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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
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)
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.
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 Departmentโs 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.
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CA Chitranjan Agarwal