Form 26AS: You must check these 5 things in your Form 26AS – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-must-check-these-5-things-in-your-form-26as/articleshow/78329479.cmsSynopsis

One of the things you should check in your Form 26AS is the information related to income-tax payments such as advance tax and self-assessment tax paid.

1. Information regarding Tax Deducted at Source for all income and Tax Collected at Source wherever applicable.

2. Information related to specified financial transactions from ‘specified persons’, mutual funds, banks, bond issuers etc.

3. Information related to income-tax payments such as advance tax and self-assessment tax paid by the taxpayer.

Also read:How to file ITR? Here’s the complete guide

4. Information regarding tax demands and tax refunds by the IT department.

5. Information related to pending and completed income tax proceedings.

(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)