The key information sources under this information category are as under:
S.No | Information | Information Description |
1 | Rent paid (Section 194IB) | Information is reported by person making payment in form 26QC. This information is provided by the deductor to the taxpayer in Form 16C. |
The approach for AIS processing and information handling is as under:
Information relating to payment of rent is reported by tenant through TDS form 26QC. Tenant deducts tax while making payment of rent to the landlord.
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).
Comments