Master in Accounts & high court Advocate
8883 Points
Joined December 2011
Form 26AS is an annual consolidated tax credit statement issued by the Income Tax Department of India. It provides a comprehensive view of all tax-related information associated with a taxpayer’s Permanent Account Number (PAN). This includes: Tax Deducted at Source (TDS): Details of tax deducted by employers, banks, and other entities. Tax Collected at Source (TCS): Information on tax collected by sellers from buyers. Advance Tax: Payments made by the taxpayer towards their tax liability. Self-Assessment Tax: Taxes paid by the taxpayer after self-assessment. Refunds: Any tax refunds issued by the Income Tax Department. High-Value Transactions: Details of high-value transactions reported by financial institutions.