CBDT authorises DGIT to upload specific Assessee information in Form 26AS

CBDT authorises DGIT to upload specific Assessee information in Form 26AS

CBDT by order under section 285BB read with Rule 114-1(2) authorizes the Director General of Income-tax (Systems) to upload prescribed information in the Annual Information Statement in Form 26AS in assessee’s electronic filing account on the designated portal; The information is required to be uploaded within three months from the end of the month in which the information is received; DGIT(Systems) to also specify the procedures, formats and standards for the purposes of uploading the information; The information prescribed for this purpose is:

(i) Foreign remittance information reported in Form 15CC,
(ii) Information in Annexure-II of the 24Q TDS Statement of the last quarter,
(iii) Information in ITR of another taxpayer,
(iv) Interest on Income Tax Refund,
(v) Information in Form 61/61A where PAN could be populated,
(vi) Off-Market Transactions Reported by Depository/ Registrar and Transfer Agent (RTA),
(vii) Information about dividend of mutual fund reported by RTA, and
(viii) Information about purchase of mutual fund reported by RTA

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