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<h1>CBDT Issues Guidelines for Filing AIR u/s 285BA, Details in Rule 114E, Use Form 61A for Reporting.</h1> The circular issued by the Central Board of Direct Taxes outlines the requirements for filing the Annual Information Return (AIR) under Section 285BA of the Income Tax Act, 1961. Specified persons must report certain financial transactions exceeding defined thresholds, as detailed in Rule 114E of the Income Tax Rules, 1962. The form for filing is Form 61A, and the National Securities Depositories Ltd. is the authorized agency for receiving AIRs. Transactions involving significant cash deposits, credit card payments, property purchases, and other specified financial activities must be reported. Filers must ensure accuracy in quoting PAN and TAN, and submit data in the prescribed format.