Income Tax dept adds new features in 26AS Form to help taxpayers

The Income Tax department has added new features in 26AS Form to help taxpayers in filing returns.

The new features include information on high value financial transactions of assessees such as credit card payments, purchase of shares, debentures and mutual funds, cash payment for goods and services.

The new variant of 26AS Form will have taxpayers' details as specified statements of financial transactions (SFTs) in various categories.

This Form is an annual consolidated tax statement that one can access from the income-tax department's website using permanent account number (PAN). One can refer to this form for the details of high