Form 26AS: 4 new things that your tax passbook will now show

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  • Last Updated on 15 June, 2021

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June 24th, 2020

Naveen Wadhwa, Deputy General Manager at Taxmann.com, said:

 

“The revised Form 26AS will show the specified financial transactions which have been undertaken from June 1, 2020. However, these transactions will be shown only if they cross the specified limit in a financial year. For instance, if the aggregate credit card bill paid via electronic modes (not including the cash payment) exceeds Rs 10 lakh, then payment of credit card bill will be reflected in Form 26AS. Similarly, if the mutual fund investments in a financial year exceeds Rs 10 lakh, only the then payment of credit card bill will be reflected in Form 26AS. Similarly, if the mutual fund investments in a financial year exceeds Rs 10 lakh, only then such transactions will be reflected in the Form 26AS.”

 

 

Read Full Article here: Form 26AS: 4 new things that your tax passbook will now show

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