13.12What is an annual statement?
1What is it?
Several yearly statements help you: the Consolidated Account Statement (CAS) from NSDL/CDSL of all holdings; the broker’s tax P&L; and AIS/Form 26AS on the income tax portal showing reported dividends, sales and TDS.
2Why does it exist?
They let you check holdings and prepare taxes accurately.
3Quick revision
- CAS from depositories.
- Broker tax P&L.
- AIS/26AS on the IT portal.
4Knowledge check
Q1. Who sends the CAS?Show answer
NSDL/CDSL.
Q2. Where is AIS available?Show answer
Income tax e-filing portal.
Q3. Why check AIS?Show answer
To match reported income and TDS with your own records.