Form 26AS/Annual Tax Statement Changes applicable from AY 2023-24

The Income Tax Department ‘s Traces Portal has notified that Form 26AS/Annual Tax Statement Changes applicable from AY 2023-24.

Annual Tax Statement available on TRACES portal will have the following data from AY 2023-24 onwards:

• Details of Tax Deducted at Source
• Details of Tax Deducted at Source for 15G / 15H
• Details of Transaction under Proviso to section 194B/ First Proviso to sub-section (1) of section 194R/ Proviso to sub-section(1) of section 194S
• Details of Tax Deducted at Source u/s 194IA/ 194IB / 194M/ 194S (For Seller/Landlord of Property/Contractors and Professionals/ Seller of Virtual Digital Asset)
• Details of Transactions under Proviso to sub-section (1) of section 194S as per Form-26QE (For Seller of Virtual Digital Asset)
• Details of Tax Collected at Source
• Details of Tax Deducted at Source u/s 194IA/ 194IB /194M/194S (For Buyer/Tenant of Property /Person making payment to contractors or Professionals / Buyer of Virtual Digital Asset)
• Details of Transactions/Demand Payments under Proviso to sub-section (1) of section 194S as per Form 26QE (For Buyer of Virtual Digital Asset)
• TDS/TCS Defaults
• TDS/TCS Refunds

For data prior to AY 2023-24, there would be no change in display.

Form 26AS/Annual Tax Statement available on TRACES portal will have the following data prior to AY 2023-24:

• Details of Tax Deducted at Source
• Details of Tax Deducted at Source for 15G / 15H
• Details of Tax Deducted at Source u/s 194IA/ 194IB/ 194M (For Seller/Landlord of Property/Payee of resident contractors and professionals)
• Details of Tax Collected at Source
• Details of Tax Paid (other than TDS or TCS)
• Details of Paid Refund
• Details of SFT/AIR Transaction
• Details of Tax Deducted at Source u/s 194IA/194IB /194M (For Buyer/Tenant of Property /Payer of resident contractors and professionals)
• TDS/TCS Defaults
• Details of turnover as per GSTR-3B