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of <h1>Tax Compliance: Detailed Documentation Required for Cross-Border Transactions Under Form 10FC Reporting Guidelines</h1> Statutory provisions outline requirements for transactions with entities in notified jurisdictional areas. Assessee must submit Form 10FC to financial institutions and tax authorities, detailing transaction specifics. Documentation includes ownership structure, multinational group profile, business description, and relevant transaction information. Documents must be maintained for eight years from assessment year end, ensuring comprehensive record-keeping and tax compliance for cross-border transactions.
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