Form 97 declaration reporting requires eligible recipients to file verified electronic statements and retain declarations as prescribed. Specified persons receiving Form No. 97 declarations for transactions covered by rule 159 must electronically furnish particulars in Form No. 98 through ... Summary
Form 97 declaration reporting requires eligible recipients to file verified electronic statements and retain declarations as prescribed.
Specified persons receiving Form No. 97 declarations for transactions covered by rule 159 must electronically furnish particulars in Form No. 98 through the designated server and obtain an acknowledgement number. They must retain Form No. 97 for six years from the end of the financial year of the transaction. Filing deadlines depend on when declarations are received, and verification is required from the authorised person for an assessee or, otherwise, the person identified in column 4 of the table in rule 159.
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