Updated Form 26AS for AY 2023-24 ft

👉🏻The Central Government has notified the changes in the format of the income tax returns and forms for the year 2023-24. As part of this, certain changes are also incorporated in the Form 26AS/Annual Tax Statement, which is a relevant form for the salaried class while filing and processing their returns.
👉🏻Form 26AS gets updated when the income tax department processes the TDS returns filed by the TDS deductors.
👉🏻Form 26AS is a tax passbook containing all the details of the tax deducted from a person’s income, self-assessment tax and advance tax paid for the relevant year. Similarly, AIS is the extension of Form 26AS. It contains details of the financial transactions that are undertaken by an individual irrespective of whether the tax is deducted or not on that income. It is significant for taxpayers to cross-check the TDS certificates such as Form 16/Form 16A vis-à-vis Form 26AS and AIS.
👉🏻As per the new modified forms, from the Assessment Year 2023-24 onwards, PART-III of the form contains the details of Transactions under Proviso to section 194B/First Proviso of section 194R/ Proviso to sub-section(1) of 194S. Further, Part IV including the details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA/ 194IB/194IM.
Also, Part VII contains 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 Assets).
Form 26AS/AIS helps the taxpayer to ensure that tax which is deposited from your income is deposited with the government as well. However, in the absence of TDS certificates, one can check the tax amount mentioned in their Form 26AS with the net amount credited to your bank account. Add both of them and it should match the gross amount mentioned in your AIS. If these figures match, you can easily file your ITR. In case of a mismatch, you must contact the deductor of tax on your income as well as raise it as an error in the AIS with the income tax department.
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Video Chapters
0:00 Intro to Topic
0:30 Basics of Form 26AS
3:26 How to view Form 26AS
6:20 Part I Details of TDS
7:52 Status of Booking
14:13 Part II Details of TDS for Form 15G/15H
15:23 Part III Detail of transaction under special case
18:36 Part IV Detail of TDS us 194IA/194IB/194B/194S (Payee)
20:02 Part V Details of TCS
20:26 Part VI Details of tax paid
21:08 Part VII Detail of TDS us 194IA/194IB/194B/194S (Payer)
23:45 To whom contact if Form 16 have wrong info
24:05 Outro

[@AnkitKumar-ip1jd]

Very informative video

[@vandanaparashar5497]

Your videos are very educating keep posting

[@gopalsarkar9173]

Sir, thanks for clarifying the subject, excellent knowledge

[@FinTaxPro]

You are most welcome

[@smitthakkar9459]

Very informative session ✅❤️

[@mahanteshpattanashetti6876]

Thank You so much sir.

[@72yogendra]

NICE SIR

[@nareshgohel1806]

Thank you very much sirji 😀🤗

[@shivamcommercial8791]

Sir, Where are we find SFT transcation??

[@kokilag2701]

Can NRIs submit form 15g for TDS exemption?

[@caashishsingla999]

Sir, AIS wali video kab upload karoge ?

[@farheenkhan6005]

Bika ka handle ni katna agr benefjts of prerequisite mila hai to😁

[@sachinthorat1069]

Sir AIS ke baare me bhi puri jankari de dijiye

[@swayamjain451]

Sir sft transaction kaha show hoga fir

[@dharmeshmistry8648]

I think you should separate your videos with tag lines for beginners and for professionals

[@FinTaxPro]

i don't think so

[@amitavabhaumik1811]

After the changes in 26AS my previously paid advance tax es are not shown any more in ay 2023 24 pdf. But in e pay tax payment history they are there for ay 2023 24. What should I do?

[@payalrana1574]

I am facing the same issue...last month it was there in Part C. But now it is missing

[@amitavabhaumik1811]

@@payalrana1574 its not there in annual statement also...dont know what to do...

[@shibpal9084]

I'm also on the same boat no one is addressing this issue

[@payalrana1574]

@skillvivekawasthi can you please help us with this issue?

[@AnkitKumar-ip1jd]

Sir gst challan kaise banate hai and kitne type ke hote hai plz is pr bhi video banaye

[@skillvivekawasthi]

Okay

[@apurvner2454]

Services me jake create challan karlo

[@freethinker4318]

​@@apurvner2454 Bhai sir ka course liye ho kya

[@apurvner2454]

@@freethinker4318 no bro

[@freethinker4318]

@@apurvner2454 Me lene ki soch raha hu. Kya ye worth hai. Matlab sab kuch ache se sikhate hai na

[@amitsherasiya905]

Sir TAN number pe video banaye

[@apurvner2454]

What is your query in tan??

[@devrawat4304]

Hello sir mujhe apna ITR and 10E file karwana hai ...aap agar file karte hai to pls reply soon for filing....how to contact you....pls reply ...

[@davindergill5877]

Can I do it very last day