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)
Financial account definitions shape reporting, exclusions, and non-reporting institution rules under the tax information framework. Defines the key expressions for the reporting framework under rules 114G and 114H, including financial account, financial asset, financial institution, reportable account, reporting financial institution, reportable person, and U.S.-linked concepts. The rule also specifies excluded accounts and non-reporting financial institutions, such as qualifying retirement and pension arrangements, certain savings and insurance products, governmental entities, international organisations, central banks, and prescribed local or sponsored financial institutions. It further classifies custodial institutions, depository institutions, investment entities, passive non-financial entities, controlling persons, related entities, specified electronic money products, relevant crypto-assets, and other defined categories used for due diligence and reporting.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Financial account definitions shape reporting, exclusions, and non-reporting institution rules under the tax information framework.
Defines the key expressions for the reporting framework under rules 114G and 114H, including financial account, financial asset, financial institution, reportable account, reporting financial institution, reportable person, and U.S.-linked concepts. The rule also specifies excluded accounts and non-reporting financial institutions, such as qualifying retirement and pension arrangements, certain savings and insurance products, governmental entities, international organisations, central banks, and prescribed local or sponsored financial institutions. It further classifies custodial institutions, depository institutions, investment entities, passive non-financial entities, controlling persons, related entities, specified electronic money products, relevant crypto-assets, and other defined categories used for due diligence and reporting.
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