CBDT Notifies New Form 26AS w.e.f. 01.06.2020

May, 31 2020
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Income Tax Form 26AS (Annual Information Statement) in Sec 285BB was amended by the Finance Act 2020 to be effective from 01.06.2020 shall contain following information:
 

  • Information relating to TDS / TCS details
  • Information relating to Specified Financial Transactions stated in section 285BA(3)
  • Information relating to payment of taxes 
  • Information relating to demand and refund
  • Information relating to pending proceedings
  • Information relating to completed proceedings

Moreover information on this form 26AS will not be one time affair at year end. This will be a live 26AS, as this will be updated regularly within 3 Months from the end of the month in which such information is received.

Thus Form 26AS will now be a complete profile of the taxpayer for that particular year.

CBDT Notifies New Form 26AS w.e.f. 01.06.2020

May, 31 2020

CBDT Notifies New Form 26AS w.e.f. 01.06.2020

...

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