Introduction to Form 26AS /Annual Tax Statement Income Tax Department facilitates a PAN holder to view its Tax Credit Statement ( Form 26AS /Annual Tax Statement) online. Form 26AS /Annual Tax Statement contains: What is Form 26AS ? 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: Tax Deducted at Source (TDS) Tax Collected at Source (TCS) What is Form 26AS? Form 26AS is a tax credit statement that contains details of all tax-related information linked to an individual’s PAN number. It includes information such as the total amount received, TDS deducted, tax collected at source, advance tax paid, TDS deductor details, etc. In order to promote transparency and simplifying the tax return filing process, CBDT vide Notification dated May 28, 2020 has amended Form 26AS vide Sec 285BB of Income Tax Act, 1961 r.w.r.114-I of Income Tax Rules, 1962 w.e.f. 01.06.2020. The new Form 26AS will provide a complete profile of the taxpayer for a particular year. 1. Mobile no., e-mail id, date of birth/incorporation and Aadhaar no. 2. Information relating to tax deducted or collected at source. 3. Information relating to ...
