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Writer's picturePearl Business Services

Annual Information Statement - Credit/Debit Card. [AIS Update - 47]


The key information sources under this information category are as under:

S.No

Information Sources

Information Description

1

Application for issue of a creditor debit card (Form 60/61)

Information pertaining to application for issuance of credit/debit card is reported in Form 61 where PAN is not furnished by the transacting party. PAN is populated based on aadhaar and other attributes of the person.

The approach for AIS processing and information handling is as under:

  1. Reporting entity reports information relating to Credit/Debit card through form 61. RE reports non-PAN transactions through form 61.

  2. The AIS information level feedback can be used for providing following inputs:

  • Information is correct

  • Information is not fully correct: This functionality can used to modify Information value and other related information.

  • Information relates to other PAN/Year

  • Information is duplicate / included in other information

  • Information is denied

  1. The feedback provided by taxpayer will be shown separately in AIS and will update the value in Taxpayer Information Summary (TIS).

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