Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Statement of financial transaction reporting obligations set thresholds, filing methods, and compliance duties for specified financial transactions. Rule 114E requires furnishing of the statement of financial transaction in Form No. 61A for a financial year under section 285BA, with verification in the prescribed manner. It covers specified reporting persons and sets monetary thresholds for reporting cash payments, deposits, withdrawals, time deposits, credit card payments, receipts for securities and units, foreign currency transactions, immovable property transactions, and cash receipts for sale of goods or services. It also provides for aggregation of transactions, electronic filing under digital signature, due dates, designated compliance officers, and responsibility for signing and verification.
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Provisions expressly mentioned in the judgment/order text.
Statement of financial transaction reporting obligations set thresholds, filing methods, and compliance duties for specified financial transactions.
Rule 114E requires furnishing of the statement of financial transaction in Form No. 61A for a financial year under section 285BA, with verification in the prescribed manner. It covers specified reporting persons and sets monetary thresholds for reporting cash payments, deposits, withdrawals, time deposits, credit card payments, receipts for securities and units, foreign currency transactions, immovable property transactions, and cash receipts for sale of goods or services. It also provides for aggregation of transactions, electronic filing under digital signature, due dates, designated compliance officers, and responsibility for signing and verification.
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