New 26AS NEW CHANGE IN INCOME TAX & ITR FILING I CA SATBIR SINGH

From AY 2023-24 onwards, Annual Tax Statement available on TRACES portal will display only TDS/TCS related data. Other details would be available in the AIS (Annual Information Statement) at e-filing portal (https://www.incometax.gov.in/iec/fopo…. For data prior to AY 2023-24, there would be no change in display. Annual Tax Statement available on TRACES portal will have the following data from AY 2023-24 onwards: –

Annual Tax Statement available on TRACES portal will have the following data from AY 2023-24 onwards:
– Details of Tax Deducted at Source
– Details of Tax Deducted at Source for 15G / 15H
– Details of Transaction under Proviso to section 194B/ First Proviso to sub-section(1) of section 194R/ Proviso to sub-section(1) of section 194S
– Details of Tax Deducted at Source u/s 194IA/ 194IB/ 194M/ 194S (For Seller/Landlord of Property/Payee of resident contractors and professionals/Payee of Virtual Digital Asset)
– Details of Tax Collected at Source
– Details of Tax Deducted at Source u/s 194IA/ 194IB /194M /194S (For Buyer/Tenant of Property /Payer of resident contractors and professionals/ Payer of Virtual Digital Asset)
– TDS/TCS Defaults
– TDS/TCS Refunds

For data prior to AY 2023-24, there would be not be any change in display of data.

Taxpayer may view the AIS (Annual Information Statement) available at efiling portal (https://www.incometax.gov.in/iec/foportal) for the following details:
– Details of Tax Paid (Other than TDS or TCS)
– Details of refund
– Details of SFT Transaction
– Details of turnover as per GSTR-3B