The move will bring more transparency and detail to the form and the financial condition of the assessees. From now on, all the transactions like cash deposit/withdrawal from saving bank accounts, credit card payments, purchase of shares, debentures, foreign currency, sale/purchase of immovable property, time deposits, mutual funds, buyback of shares and cash payment for goods and services will be recorded in the form. From this year, the SFTs will help the assessees to recall the financial transactions to file reckoner ITR ( Income Tax Returns). The Central Board of Direct Taxes (CBDT) has introduced some new changes to Form 26AS filing. It is mandatory to prepare traces form 26AS under the Rule 114I (Rule 31AB has been omitted with effect from 1 st June 2020) of Income Tax Act, 1961. The Income Tax Department of India requires to upload annual information statements in new form 26AS containing the details of Tax Credit in the account of a taxpayer as per the records of the department.

The changed format of Form 26AS or Annual Information Statement brought out by the Income Tax Deptt earlier, digitally captures and reflects details of all high value transactions, making it easier for taxpayers to check their details conveniently.

Form 26 as download