Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Furnishing of information under Benami Property Rules requires electronic transmission of received statements to the Initiating Officer within fifteen days.</h1> Rule prescribes that the incometax authority or any other prescribed authority receiving a statement under the specified tax reporting provision must electronically transmit that statement to the Initiating Officer or an agency authorised by the Initiating Officer. The transmission must occur on or before fifteen days from the end of the month in which the statement was received. The rule thus creates a mandatory electronic informationsharing obligation and a fixed deadline for transmission to support enforcement of benami property transaction provisions.
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