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Air transaction

manoj kasana (18 Points)

24 July 2020

What should assesse do if there are AIR Transaction Reports in 26as?

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 July 2020

Form 26AS is for convenience of assessee, it's show the data which is gathered by Income-tax authority from various sources regarding transaction of assessee
If There is any AIR transaction reported in 26AS, than you have to check and insured that that transaction is related to you, and consider that transaction and it's effect on tax liability in income tax return