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Form 26AS aka the Annual Information Statement (AIS) is a comprehensive display of a taxpayer's financial statement for the year. It has been replaced by Form 168 under the new Income-Tax Act (ITA) ...

AI Quick Read As income tax return (ITR) filing for assessment year (AY) 2026-27 gathers pace, many salaried taxpayers are relying on Form 16 issued by their employers to prepare their returns.

ITR filing FY 2025-26: For salaried taxpayers, Form 26AS has become an important part of the income tax return filing process. Before you e-file your ITR on the income tax website, it is important to ...

According to Anand Dhelia, Tax Partner at Vialto Partners, common issues include missing or partially reflected TDS, incorrect income amounts, or another taxpayer’s information appearing against your ...

When you're preparing to file your Income Tax Return (ITR), you may assume that the TDS on the salary deducted by your employer and mentioned in your Form 16 and Form 26AS will always match. When ...

As taxpayers gear up to file their income tax returns for FY2025-26 (AY2026-27), failing to reconcile Form 26AS and the Annual Information Statement (AIS) with income reported in the return is one of ...

Form 26AS is primarily a tax credit statement reflecting taxes deducted or collected against a taxpayer’s PAN. “Form 26AS includes details of Tax Deducted at Source (TDS) on salary, bank interest and ...

Form 168 under Income-tax Rules 2026 offers a wider tax snapshot than Form 26AS. Here's what it includes and why it matters.

Form 26AS acts as a real-time financial ledger. A senior citizen can review these forms to assess exactly how much taxable income has already been accrued to them for the current financial year (and ...