ITR filing for AY 2020-21 with Form
26AS statement to view a summary of all the tax paid for, TDS, TCS, Advance
tax paid during the financial year which helps you for filing ITR for AY
2020-21. it also contains the TAN number of your tax deductor who deducts your tax and paid to the government. Some of the benefits of
26AS for AY- 20-21 explained below.
ITR filing for AY 2020-21: The Details of 26AS for AY-2020-21
1) 26AS for AY-2020-21 show Details of TDS, that is tax deducted by your employer, contractor, the company, and received a refund if any relevant financial year.
2) 26AS for AY-2020-21 gives you the details of immovable property sold during the year.
3) 26AS for AY-2020-21 gives you the details of the car purchased of more than Rs.10 lacs during the year.
4) 26AS for AY-2020-21 gives you the details of property rent received of Rs.50,000/- per month during the year.
5) 26AS for AY-2020-21 gives you the details of the high-value transaction as per AIR (Annual Information return).
6) 26AS for AY-2020-21 gives you the details of the Advance tax paid and self-assessment tax paid by you during the financial year.
ITR filing for AY 2020-21: The Benefits of 26AS
1) When you apply for any loan the bank is asking for the last 3 years form 26AS.
2) You can check all TDS credit amount in form 26AS and if there are any differences you can contact your employer, tax deductor who deduct your tax.
3) Avoiding any inquiry from the income tax department on the mismatch tax amount.
4) While filing your income tax return, you always download form 26 AS first, check tax amount then file your return.
Source- caclubindia.com
ITR filing for AY 2020-21: The Details of 26AS for AY-2020-21
1) 26AS for AY-2020-21 show Details of TDS, that is tax deducted by your employer, contractor, the company, and received a refund if any relevant financial year.
2) 26AS for AY-2020-21 gives you the details of immovable property sold during the year.
3) 26AS for AY-2020-21 gives you the details of the car purchased of more than Rs.10 lacs during the year.
4) 26AS for AY-2020-21 gives you the details of property rent received of Rs.50,000/- per month during the year.
5) 26AS for AY-2020-21 gives you the details of the high-value transaction as per AIR (Annual Information return).
6) 26AS for AY-2020-21 gives you the details of the Advance tax paid and self-assessment tax paid by you during the financial year.
ITR filing for AY 2020-21: The Benefits of 26AS
1) When you apply for any loan the bank is asking for the last 3 years form 26AS.
2) You can check all TDS credit amount in form 26AS and if there are any differences you can contact your employer, tax deductor who deduct your tax.
3) Avoiding any inquiry from the income tax department on the mismatch tax amount.
4) While filing your income tax return, you always download form 26 AS first, check tax amount then file your return.
Source- caclubindia.com
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