If there is a sale of an immovable property during the previous year and the buyer has deducted tax on the proceeds of sale, the tax deducted will be reflected in this section. This part contains details of tax deducted on immovable property, if any, sold by the assessee during the financial year. Part A2 – Details of tax deducted on sale of an immovable property: If you have not submitted Form 15G or Form 15H, this section will display ‘No transactions present’. This part contains details of income on which no TDS has been deducted as the taxpayer has submitted Form 15G or 15H. Part A1- Details of Tax Deducted at Source for Form 15G/ Form 15H: The Total tax deposited against the assessee’s PAN.This part contains the following details: The tax deductor files their TDS return on a quarterly basis post which it will reflect in form 26AS. This part shows the tax deducted by tax deductor for your PAN. Let’s break down the components of Form 26AS: Part A – Details of Tax deducted at source: Details of tax deducted on the sale of immovable property.Details of advance tax, self assessment tax paid.This form can be downloaded from the income tax website. This can be done by referring to Form 26AS. What are the components of Form 26AS?īefore you file your income tax return, the assessee must make sure that data related to tax deducted at source as reflected as per Income Tax Department is correct and accurate. An assessee can claim the tax deducted reflecting in their form 26AS while filing their income tax return for a financial year. The form also shows details of sale/purchase of immovable property, mutual funds, cash deposits or withdrawal from savings account etc. This information is specific to a Permanent Account Number (PAN). Form 26AS is a consolidated annual tax statement that shows the details of tax deducted at source, tax collected at source, advance tax paid by the assessee along with self-assessment tax.
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