The key information sources under this information category are as under:
S.No | Information | Information Description |
1 | Payment made for a contract/work (Section 194M) | Information is reported by person making payment in form 26QD. This information is provided by the deductor to the taxpayer in Form 16D. |
2 | Purchase of bank drafts or pay orders (Form 60/61) | Purchase of bank drafts or pay orders may be reported in Form 61 if PAN is not furnished by the transacting party. PAN is populated based on aadhaar and other attributes of the person. |
3 | Payment to hotel (Form 60/61) | Payment to a hotel may be reported in Form 61 if PAN is not furnished by the transacting party.PAN is populated based on aadhaar and other attributes of the person. |
4 | Payment as life insurance premium (Form 60/61) | Payment for life insurance premium may be reported in Form 61 if PAN is not furnished by the transacting party. PAN is populated based on aadhaar and other attributes of the person. |
5 | Payments made in respect of credit card (SFT-006) | Information pertaining to Payments made in respect of credit card is reported by reporting entity in form 61A. |
The approach for AIS processing and information handling is as under:
Reporting entity reports information relating to credit card payment through form 61A. Similarly, Reporting entity reports non-PAN information relating to payments made towards purchase of bank drafts, hotels and life insurance premium through Form 61. Deductor reports information relating to payment made towards contract /work through TDS form 26QD.
The AIS information level feedback can be used for providing following inputs:
Information is correct
Information is not fully correct
Information relates to other PAN/Year
Information is duplicate / included in other information
Information is denied
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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