Form 26AS - Key changes made in the form

S. N.

Nature and value of transactions

Class of person (reporting person)

1

a) Purchasing of bank drafts/pay orders/banker’s cheques of an amount aggregating to Rs. 10 lakh or more in a financial year

b) Purchasing of pre-paid instruments issued by RBI in cash aggregating to Rs. 10 lakh or more during the financial year

c) Cash deposit/cash withdrawals (including through bearer’s cheques) aggregating to Rs. 50 lakh or more in a financial year, in or from one or more current account of a person

A bank/co-operative bank

2

Cash deposits aggregating to Rs. 10 lakh or more in a financial year, in one or more accounts (other than a current account and time deposit) of a person.

A bank/co-operative bank/Post Master General

3

One or more time deposits (other than a time deposit made through renewal of another time of deposit) of a person aggregating to Rs. 10 lakh or more in a financial year of a person.

A bank/co-operative bank/Post Master General/Nidhi/non-banking financial company

4

Payments made by any person of an amount aggregating to

· Rs. 1 lakh or more in cash; or

· Rs. 10 lakh or more by any other mode, against bills raised in respect of one or more credit cards issued to that person, in a financial year

A bank/co-operative bank/any other company or institution issuing credit card

5

Purchasing of bonds/debentures of an amount aggregating to Rs. 10 lakh or more in a financial year

A company or institution issuing bonds or debentures

6

Purchasing of shares (including share application money) issued by the company of an amount aggregating to Rs. 10 lakh or more in a financial year

A company issuing shares

7

Buy back of shares for an amount aggregating to Rs.10 lakh or more in a financial year

A company listed on a recognized stock exchange purchasing its own securities under section 68 of the Companies Act, 2013

8

Purchasing of Mutual Fund of an amount aggregating to Rs.10 lakh or more in a financial year

A trustee of Mutual Fund or other person managing the affairs of the Mutual Fund

9

Purchasing of Foreign Currency of an amount aggregating to Rs.10 lakh or more during a financial year

Authorized person in FEMA

10

Purchase or sale by any person of immovable property for an amount of Rs. 30 lakh or more

Inspector-General/Registrar/Sub-Registrar under the Registration Act, 1908

11

Receipt of cash payment exceeding Rs. 2 lakh for sale (other than those specified above)

Any person who is liable for audit under section 44AB