![]() Hence, it is crucial when filing Income Tax Returns. In other words, Income Tax Form 26AS acts a ledger of all taxes paid and refunds received during a specific Assessment Year. Every taxpayer can access their Form 26AS via the Income Tax Department’s official website by using their Permanent Account Number or PAN.įorm 26AS includes every transaction where tax has been deducted on a person’s income, be it by their employer or a bank, advance taxes paid by the individual, and also details of any refund during the year. It’s an annual consolidated credit statement, containing information on direct taxes that a person has already paid to the government. ![]() And that includes not only learning about what it is but also what purpose it serves in the whole process. It is essential to be thoroughly versed in the details pertaining to this particular form to see through tax return filing efficiently. One such critical piece of document is Form 26AS. Filing ITR involves a host of documents, which substantiate a person’s tax liability.
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