Statement of financial transaction replaces annual information return under section 271FA, converting all 'return' references to 'statement'. Amendment substitutes the term annual information return with statement of financial transaction or reportable account, and replaces every occurrence of ... Summary
Statement of financial transaction replaces annual information return under section 271FA, converting all 'return' references to 'statement'.
Amendment substitutes the term annual information return with statement of financial transaction or reportable account, and replaces every occurrence of the word "return" with "statement" in section 271FA, affecting the marginal heading, the descriptive phrase for the filing obligation, and the operative terminology throughout the provision.
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