Here Is Everything You Should Know About Form 26AS And Income Tax Filing

Nirmal Singh 3C Company

Tax filing is a pretty complicated process and with the inclusion of new regulations and tax forms, everything has become that much more complicated for the tax payers. Tax filing deals with the assessment of your income, liability calculations and various other income processes and sources. Filing for income tax regularly and honestly is important. And to help you with the process, here are the details that you should be aware of to maintain the proper functioning of the tax filing process. - Nirmal Singh 3C Company

The inclusion of form 26AS in tax return process has made it easier for the tax payers to keep track of their taxes and deductions during the year. But this is only simple for people who actually understand what the form is all about and how it makes things easier. For everyone else, paying taxes is still as complicated as it was last year.
So what exactly is a Form26AS? Details revealed by Nirmal Singh 3C Company
•    The form comes under Section 203AA of the Income Tax Act.

•    The form is rolled out annually to file taxes.

•    It is a combined, consolidated statement of you tax returns, income sources and TDS deductions.

•    It is also called TCS [Tax Credit Statement].

•    It is concerned with the details of the tax collected by ITD.

•    The form is also used to file high value transactions and annual information about your taxes. Every transaction completed in a year can be filed with Form 26AS.

•    Self-assessment and advance tax paid during a year is filed in the C section of the form.

The form is available online now. You don’t have to stand in long queues to get your hands on a simple piece of paper anymore. In fact, almost every tax related form is available online. You just have to visit the official website of the income tax department, put in your personal Aadhaar number and the form will be issued which you can fill online. - Nirmal Singh 3C Company

If you have net banking facility, you can download the form from the website of your bank but make sure you double check the URL of the website before filling in your personal details.
Or, to make everything a bit more secure, you can visit incometaxindiafiling.gov.in and create an individual account for tax filing. - Nirmal Singh 3C Company

Location: New Delhi, Delhi, India

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