What is Form 26AS?
Form 26AS is a consolidated statement of all tax deducted at source (TDS) and tax collected at source (TCS) transactions that have been reported to the Income Tax Department (ITD) in a given financial year. It includes information such as the amount of TDS/TCS deducted, the name of the payer, and the date of deduction. Form 26AS can be accessed through the ITD’s e-filing website.
Difference between AIS and Form 26AS
Annual Information Statement (AIS) and Form 26AS are two important documents that taxpayers in India need to be aware of. They both provide information about your financial transactions, but they do so in different ways.