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What is Form 26AS?  Here's how to download it

What is Form 26AS? Here’s how to download it

What is Form 26AS?

Form 26AS is an annual consolidated tax return that taxpayers can access from the Income Tax website using their Permanent Account Number (PAN).

The previous Form 26AS is used to provide information about tax deducted at source and tax collected at a PAN related source, as well as details of other taxes paid, withdrawals and some additional information including DTS default.

But now, the new form will have a Financial Transaction Report (SFD) in various sections to help taxpayers remember all their major financial transactions, so that they will be ready to file an IDR when the Central Board of Direct Taxes (CPDT) ) Reported a.

In May, the CPDT notified Revised Form 26AS, which contained details of the tax-deductible or deductible source, which now includes information on property and stock transactions.

What are the details in Form 26AS?

In a statement, the CPDT Department issued withdrawals from cash deposits / bank accounts savings / sale / purchase of immovable property, credit card payments, stocks, loans, foreign currency, mutual funds, payments and services, etc. to banks, mutual funds, securities Since the 2016 financial year as companies and registrars. It further stated that now, all the information under different SFTs will be displayed in the new Form 26AS.

Steps to Download Form-26AS from E-Filing Portal:

Step 1: Visit ‘e-Filing’ Portal

Step 2: Go to the ‘My Account’ menu and click on the ‘Form 26AS (Tax Credit)’ link.

Step 3: After reading the terms and clicking ‘Confirm’, the user will be redirected to the DTS-CBC portal.

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Step 4: On the DTS-CBC portal, agree to accept the application. Click ‘Continue’.

Step 5: Click on ‘View Tax Debt (Form 26AS)’

Step 6: Select ‘Rating Year’ and ‘View Type’ (HTML, Text or PDF)

Step 7: Click on ‘View / Download’