New Form 26AS is faceless hand-holding of taxpayers to e-file returns: CBDT

The new Form 26AS is the faceless hand-holding of the taxpayers to e-file their income tax returns quickly and correctly, the Central Board of Direct Taxes (CBDT) said on Saturday.

From this assessment year, taxpayers will see an improved Form 26AS carrying some additional details on taxpayers' financial transactions as specified in the statement of financial transactions (SFTs) in various categories.

The information being received by the Income Tax Department from filers of these specified SFTs is now being shown in Part E of Form 26AS to facilitate voluntary compliance, tax accountability and ease of e-filing of returns.

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