Form 26AS is a statement maintained and generated by the Income Tax Department for each individual assessee (person). Form 26AS is also known as annual statement which contains all tax related information of a taxpayer. The details give a clearer picture of the tax commitments of a taxpayer. It is associated with PAN. Form 26AS contains:
- Details of tax deducted on your income by deductors(TDS).
- Details of tax collected by collectors(TCS).
- Advance tax paid by the taxpayer.
- Self-assessment tax payments.
- Regular assessment tax deposited by the taxpayers (PAN holders).
- Details of refund received by you during the financial year.
- Details of the High value Transactions in respect of shares, mutual fund etc.
- Interest received from bank & others without deducting any TDS as declaration is provided such as Form 15G / H in respect of low/no deduction.
- Foreign remittance information reported in Form 15CC
- Information from the Annexure-II of the last quarter's Form 24Q related to TDS on salary
- Information from other taxpayers' ITRs.
- Interest on a refund of income tax.
- Information on Form 61/61A that could be used to populate the PAN.
- Depository/Registrar and Transfer Agent report off-market transactions.
- The Registrar and Transfer Agent report information on mutual fund dividends.
- The Registrar and Transfer Agent report information regarding mutual fund purchases (RTA).
Read More What Is Form 26AS And Why Is It So Important?
