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Thursday, July 11, 2019

Form 26AS: what's it and the way will it help in filing tax return?


The maturity date for filing your income tax return (ITR) is quick approaching One of the most necessary documents that you just ought to verify before filing your ITR is your type 26AS.http://aiatindia.com/blog

What is Form 26AS
This form is AN annual consolidated tax statement which will be accessed from the income-tax web site by all taxpayers exploitation their Permanent Account variety (PAN).
If you've got paid taxes on your financial gain or tax has been subtracted from your financial gain, the Income tax department already has these details in their database.

You could refer to your Form 26AS for the details of your income (on which taxes have been deducted) as well as the taxes that have been paid by oron your behalf by the deductor (could be your employer, bank etc) to the Government treasury.
In addition, Form 26AS also contains details of your deductors such as their names and Tax Deduction Account number (TAN).

Details of taxes paid by you and tax refunds
Form 26AS not solely contains the small print of your taxes paid however conjointly contains details of any tax refunds that are received by you throughout the relevant fiscal year


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