CBDT authorizes DGIT to upload specific information of Assessees in Form 26AS

By:

The CBDT issued Order vide F.No.225/155/2020/ITA-II dated October 26, 2021 to authorize DGIT (systems) to upload specific information of Assessees in Annual Information Statement in Form 26AS in electronic filing account registered by the assessee in designated portal.

In exercise of powers conferred under section 285BB of the Income-tax Act, 1961 read with sub-rule (2) of Rule 114-I of the Income-tax Rules, 1962, the Central Board of Direct Taxes (“CBDT”), hereby authorizes the Director General of Income-tax (Systems) to upload information relating to following sources, which is in her/his possession, in the Annual Information Statement in Form 26AS in the electronic filing account registered by the assessee in designated portal, within three months from the end of the month in which the information is received by her/him:

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 other 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 Registrar and Transfer Agent (RTA)

viii. Information about purchase of mutual fund reported by Registrar and Transfer Agent (RTA)

The Director General of Income-Tax (Systems) shall specify the procedures, formats and standards for the purposes of uploading the information referred to in para above in Annual Information Statement in Form 26 AS.

The Order can be accessed at: https://incometaxindia.gov.in/Lists/Latest%20News/Attachments/481/Order-us-285BB-ITAct-1961-MiscComm-26-10-21.pdf

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