What is 26-AS statement in income tax?
What is 26-AS statement in income tax?
Chiranjibi Aug. 02, 2018
Simply put, Form 26AS is where all the taxes paid by you, and all the taxes paid by other people but deposited on your behalf are seen.
A person with a PAN card can view his form 26AS from the traces portal.
The Income-tax Department maintains the database of the total tax paid by the taxpayer. Form 26AS is the annual statement in which the details of the tax credit are maintained for each taxpayer as per the database of Income-tax Department.
Form 26AS will reflect the tax credit against the PAN of the taxpayer. Form 26AS shows the amount of TDS, which has been deducted and is available as credit against our Income Tax liability, if any.
