
Tax Collected at Source (TCS) is collected by the seller from the buyer at the time of sale of a specified category of goods such as Alcoholic liquor for human consumption. Part B– Details of Tax collected at source.This section helps to keep a check on all interest gains which are not taxed. TDS in these cases would be zero (because you have submitted 15G/ 15H).
This part will show the transaction in those financial institutions such as banks where the individuals have submitted Form 15G/ 15H. Part A1– Details of Tax deducted at source for 15G/ 15H.TDS deducted is shown in a separate table for every source. This part will show the TDS deducted from salary/ pension income and TDS deducted on interest income deducted by banks. Part A– Details of Tax deducted at source (amounts in INR).The Form 26AS (Annual tax statement) is divided into different parts as described below:
Details of High-value Transaction in respect of shares, mutual funds etc….Details of the refund received by the taxpayer during the financial year.Regular assessment tax deposited by the taxpayers ( person who holds PAN).
Details of tax deducted on your income by deductors. if your date of birth is 0, your password will be 09101982. The password for opening Form 26AS will be your Date of Birth (in DDMMYYYY format). The address reflected in the Annual tax statement (Form 26AS) is picked up from the Income tax department’s PAN database with the details of the latest PAN issued to taxpayers. Taxpayers can view Form 26AS in TRACES from AY 2009-10 onwards or from FY 2008-09 onwards. Only a registered PAN holder can view their Form 26AS on TRACES. it is updated as the transactions are reported/ processed for the given FY. Form 26AS is generated whenever a tax-related transaction (TDS, advance tax paid) happens in relation to the taxpayer. Form 26AS is generated annually, for a financial year. The following image represents the sample of Form 26AS. Now, the 26AS PD file is automatically downloaded to your system. After that select Assessment Year -> View As HTML -> Click on View/Download -> Expert as PDF. Then click on View/Verify Tax Credit -> View Form 26AS/Annual Tax Statement. Now click on Confirm and accept terms and conditions. Then e-File -> Income Tax Return -> View form 26AS. After logging in, Click on My Account on the dashboard. Login to your account or register on the website. To view your Form 26AS online, you have to visit – Visit Here