Annual Information Statement - Payment to Non-resident Sportsmen U/S 115BBA.[AIS Update - 26]

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

S.No	Information Source	Information Description
1	Payment received by non-resident sportsmen or sports association (Section 194E)	Information pertaining to amount paid to non-resident sportsmen or sports association is reported by deductor in form 27Q. This information is provided by the deductor to the deductee (taxpayer) in Form 16A.

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

1. Deductor (remitter) while making payment to non-resident sportsmen or sports associations deducts tax and submit the information in TDS form 27Q. Amount received by such sportsmen or sports associations is taxable under the head income from other sources.

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

• Information is correct

• Receipts in the nature of reimbursement of expenses

• Receipts in the nature of refundable security

• Receipts treated as capital receipt

• Income is not taxable

• Information is not fully correct

• 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).

2. Amount received by sportsmen and sports association will be reflected in Taxpayer Information Summary (TIS) and shall be shown in respective field in Schedule OS.

3. All deductions and depreciation u/s 57 from other source income to be claimed in the return.