Verify your tax details in Form26AS A welcome initiative by the Income tax department of introduction of Form 26AS has obviated the need to submit the TDS certificates (Form 16 / 16A) by the tax payer along with the tax return. You can view HTML format and then click export as PDF to save as PDF file. year following the financial year) for which you want to download the statement. You need to choose the relevant assessment year (i.e. You will be redirected to the TDS-CPC website to view this form. Once you log in, click on 'View Form 26AS ( Tax Credit)' tab, either under 'My Account' or 'Quick links' tabs. To download Form 26AS, log in to your income tax filing account on the Income Tax department's e-filing website, either directly or through the Net banking facility of authorised banks. How to get Form26AS Form 26AS can be downloaded from TRACES website. The year-end tax credits as reflecting in the Form 26AS are eligible to be claimed while filing the tax return. The information in the Form 26AS is generally updated on a quarterly basis. Comprehensive document showing tax paid by you So all in all, Form 26AS is a document which captures all the taxes paid by you by way of deduction or otherwise in one place making it easier for you to claim the credit of taxes paid at the time of filing of your tax return. Details of Advance tax paid and Self assessment tax paid In case you have paid any advance tax or self assessment tax during the year, the same shall also get reflected in your Form 26AS. For example, purchase of high value mutual funds, immovable property, high-value corporate bonds etc find their way into the Form 26AS. Details of your high value transactions Apart from this, high value transactions made through banking and financial institutions are reported in the Form 26AS based on Annual Information Return ('AIR') filed by these banking and financial institutions. Details of the taxes collected will reflect in your Form 26AS. The same will be deposited by the seller of the car in your name with the Government treasury. Details of TCS on sale of car If you purchase a car, you would be required to pay the seller, tax at 1% on sale price if the sale price of the car exceeds INR 10 Lakhs.
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