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New Form 26AS is the Faceless hand-holding of the Taxpayers [Press release dated 18th July 2020]

As per the Press Release dated 18th July 2020, now onwards, Part E of the Form 26AS will reflect different fields for reporting of SFT such as, type of transaction, name of SFT filer, date of transaction, single/joint party transaction, number of parties, amount, mode of payment and remarks etc.

This would help the honest taxpayers with updated financial transactions while filing their returns, whereas it will desist those taxpayers who inadvertently conceal financial transactions in their returns.

The new Form 26AS would also have information of transactions which used to be received up to Financial Year 2015-16 in the Annual Information Returns (AIR).

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