Google News
logo
Daily Current Affairs
‘Form 26AS’, that was seen in news recently, is a document related to which organisation?
A)
NITI Aayog
B)
Department of Financial Services
C)
Securities Exchange Board of India
D)
Central Board of Direct Taxes

Correct Answer :   Central Board of Direct Taxes


Form 26AS is an annual statement, that contains information on various taxes deducted on the tax-filer’s income by deductors.
Recently, the Income Tax Department of CBDT has introduced a new ‘Form 26AS’ with an aim to assist Tax payers in filing Income Tax Return quicker. The new form will calculate the correct tax liability and is expected to bring in transparency in tax administration.

Published On : July 18, 2021
Advertisement