Annual Information Statement - Receipt of Commission etc. on Sale of lottery.[AIS Update - 22]

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

S.No	Information Source	Information Description
1	Receipt of Commission etc. on sale of lottery tickets (Section 194G)	Commission on lottery business is subject to tax deduction under section 194G. The payer reports such information in Form 26Q on a quarterly basis. 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 while making payment of commission on sale of lottery tickets deducts TDS and reports the same in TDS form 26Q. Commission income earned is taxable in the hands of recipient under the head income from other sources.

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

• Information is correct

• Income is not taxable

• Information is not fully correct: This functionality can be used to modify key attributes (e.g.Account Number, Account Type in case of interest), Information value etc.

• 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. Receipt of Commission etc. on sale of lottery tickets 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.