However, it displays ‘no transactions’ if you fail to fill the forms or if they do not apply to you. If you fill out either of the forms, TDS is not deducted and the relevant details are mentioned in this section. Submission of Form 15G or Form 15H by the taxpayer prevents tax deduction at the source. Details of tax deducted at source for Form 15G/Form 15H.Tax Deduction and Collection Account Number (TAN) of your deductor.This section of Form 26AS contains details regarding the following: The TDS return is filed every quarter and is, thereafter, reflected here. The amount is deducted from your salary, interest income, rental income, and more. It complies with the given provisions of the Income Tax Act, 1961.
Tax deducted at source is the amount deducted before you receive the income. Part A: Details of tax deducted at source (TDS) Let us understand each of them in detail. It serves as proof of all the tax deductions made on your income and is linked to your Permanent Account Number (PAN).įorm 26 AS has various components. Not only does it make the process easier, but it also allows you to get a tax credit. It is crucial to have Form 26AS while filing your tax return.
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