![]() ![]() The details of deduction would be mentioned by the seller in Form 26AS. ![]() If the taxpayer has purchased an immovable property over a value of Rs.50 lakhs during a particular year, he/she needs to deduct tax at source from the consideration paid to the seller.What is Form 26AS?įorm 26AS is a combined annual statement of a taxpayer, in which tax credits of a taxpayer are maintained by the Income-tax Department. Form 26AS consists of details such as tax deducted by entities on the taxpayers’ behalf, details of income on which tax have been deducted, details of deductors, etc. In this article, we look at Form 26AS in detail. Form 26AS indicates details of TDS, TCS, tax paid by an assessee and confirmation from banks that the taxes have been received. Learn » Income Tax » Form 26AS Form 26AS – Income Taxįorm 26AS is an Annual Tax Statement under section 203AA issued by the Income Tax Department. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |