Changes in 26 AS by CBDT

Last Updated On: May 29, 2020, 8:19 p.m.
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Notification Dated 28th May 2020

11th Amendment Rules,2020 (New Face of 26AS)

Rule 114-I (Applicable from 1st June 2020)

Rule 114-I(1) of the Income Tax Rules,1962

  • Principal Director General of Income Tax (System) or the Director-General of Income Tax (System), or
  • Any other person authorized by Principal Director General of Income Tax (System) or Director General of Income Tax (System)
  • Under section 285BB of the Income Tax Act,1961
  • Should be uploaded in the registered account of Assessee.
  • An annual information statement in Form 26AS
  • Containing the following information
Sl. No. Nature of Information
(i) Information relating to tax deducted source (TDS) or tax collected at source (TCS)
(ii) Information relating to a specified financial transaction
(iii) Information relating to the payment of taxes
(iv) Information relating to demand and refund
(v) Information relating to pending proceedings
(vi) Information relating to completed proceedings

 

  • Which will be in his possession (i.e. in possession of the holder of PAN) for three months from the end of the month in which the information is received by him

Rule 114-I(2) of the Income Tax Rules,1962:

  1. The board may also authorize
  2. Principal Director General of Income Tax (System) or the Director-General of Income Tax (System), or
  3. Any other person authorized by Principal Director General of Income Tax (System) or Director General of Income Tax (System)
  4. To upload the information received from any officer, authority or body performing any function under any law, or

       a. The information received u/s 90 or 90A of the Income Tax Act,1961, or

       b.The information from any person to the extent as it may deem fit in the interest of the revenue in the annual information statement (in Form-26AS)

Rule 114-I(3) of the Income Tax Rules,1962

  • Principal Director General of Income Tax (System) or the Director-General of Income Tax (System)
  • Shall specify the procedures, formats, and standards for the purposes of uploading of annual information statement (in Form-26AS)

Specimen of New Form 26-AS:

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