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)
Reporting financial institution obligations: maintain and report specified accountholder and account data and file annual electronic statements. Reporting financial institutions must maintain and report prescribed identifying and account data for each reportable account - including account holder and controlling person details, account identifiers, balances or values, and income or proceeds by account type - subject to phased reporting requirements, specified exceptions for unavailable taxpayer identification numbers, place of birth, and pre-existing accounts, and an elective exclusion for gross proceeds reported under the Crypto-Asset Reporting Framework. Reports are filed annually in Form 61B by electronic transmission with digital signature, signed by the Designated Director, and institutions must follow regulator-prescribed procedures and data standards.
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.
Reporting financial institution obligations: maintain and report specified accountholder and account data and file annual electronic statements.
Reporting financial institutions must maintain and report prescribed identifying and account data for each reportable account - including account holder and controlling person details, account identifiers, balances or values, and income or proceeds by account type - subject to phased reporting requirements, specified exceptions for unavailable taxpayer identification numbers, place of birth, and pre-existing accounts, and an elective exclusion for gross proceeds reported under the Crypto-Asset Reporting Framework. Reports are filed annually in Form 61B by electronic transmission with digital signature, signed by the Designated Director, and institutions must follow regulator-prescribed procedures and data standards.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
