What is form 26AS~Important Tax Statement

What is form 26AS~Important Tax Statement

 

What is Form 26AS?

A1Form 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). 
Form 26AS will be prepared only with respect to Financial Year 05-06 onwards. [Source : Income Tax India Website]

The information will be useful when filing taxes online.

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