New 26 AS Form Notified From 1st June 2020

CBDT notifies new Form 26AS [Annual Information Statement] pursuant to Finance Act, 2020 amendment, inserts new Rule 114-I to be effective from June 1st and omits Rule 31AB;

Apart from the TDS / TCS details, revised Form 26AS shall now contain information relating to assessee’s specified financial transaction, payment of taxes, demand/ refund and pending / completed proceedings.

Following will the content of the form.

Nature of information

1. Information relating to tax deducted or collected at source

2. Information relating to specified financial transaction

3. Information relating to payment of taxes

4. Information relating to demand and refund

5. Information relating to pending proceedings

6. Information relating to completed proceedings

Source