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 institutions must maintain and report reportable account data, with defined exceptions, electronic filing, and compliance procedures. Reporting financial institutions must maintain and report account-holder identity details, taxpayer identification numbers, account balances, income and payment information, and, where applicable, controlling-person data, account status, and joint-account particulars for each reportable account. The rule also prescribes exceptions where taxpayer identification number, date of birth, or place of birth need not be reported if unavailable or not required, and provides staged reporting for earlier calendar years. Annual reporting is to be furnished in Form No. 61B, or as a nil statement where no reportable account is identified, through secure electronic transmission with designated officers and regulator-prescribed procedures.
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 institutions must maintain and report reportable account data, with defined exceptions, electronic filing, and compliance procedures.
Reporting financial institutions must maintain and report account-holder identity details, taxpayer identification numbers, account balances, income and payment information, and, where applicable, controlling-person data, account status, and joint-account particulars for each reportable account. The rule also prescribes exceptions where taxpayer identification number, date of birth, or place of birth need not be reported if unavailable or not required, and provides staged reporting for earlier calendar years. Annual reporting is to be furnished in Form No. 61B, or as a nil statement where no reportable account is identified, through secure electronic transmission with designated officers and regulator-prescribed procedures.
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