The new Avatar of Form 26AS: Annual Information Statement
“Pursuant to announcement made by Finance Minister in Budget 2020 for a more comprehensive Form 26AS to provide more comprehensive single information statement regarding a taxpayer’s profile and certain specified transactions undertaken by the taxpayer during the year, the CBDT today notified new Form 26AS along with corresponding Income Tax Rule 114-I.
The Form 26AS in its new Avatar seeks to provide much more comprehensive information regarding taxes paid by a taxpayer, details of pending as well as completed income tax proceedings, status of income tax demand and refund alongwith details of specified financial transactions undertaken by taxpayer during a particular financial year such as share purchase, property purchase, etc. in a single form/ statement.
We are pleased to send you the copy of the NEWSFLASH on The new Avatar of Form 26AS: Annual Information Statement