Income tax department changes Form 26AS from this assessment year

The new Form 26AS or ‘Annual Information Statement’ will have comprehensive information on taxes paid, details income tax proceedings, the status of income tax demand & refund along with details purchase of shares or property etc.

Form 26AS is an annual consolidated tax statement.

New improved Form 26AS which would carry some additional details on taxpayer’s financial transactions as specified Statement of Financial Transactions (SFTs) in various categories.

This New improved Form 26AS to help the taxpayers remind all her/his major financial transactions so that taxpayer has a ready reckoner to enable tax-payer while filing the ITR.

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