Form No. 061 - Authorisation for claiming deduction in respect of any payment made to any financial institution located in a notified jurisdictional area
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Account information authorisation for deduction claims involving financial institutions in notified jurisdictional areas. Authorization in Form No. 61 for a deduction claim involving payment to a financial institution in a notified jurisdictional area. It authorises the Central Board of Direct Taxes, or specified income-tax authorities acting on its behalf, to obtain account information and records for the period stated in a written notice. The form provides for waiver of protections under data protection, privacy and banking secrecy laws and covers identifying documents, account-opening papers, correspondence, and account statements or statements of assets. The authorisation is irrevocable.
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.
Account information authorisation for deduction claims involving financial institutions in notified jurisdictional areas.
Authorization in Form No. 61 for a deduction claim involving payment to a financial institution in a notified jurisdictional area. It authorises the Central Board of Direct Taxes, or specified income-tax authorities acting on its behalf, to obtain account information and records for the period stated in a written notice. The form provides for waiver of protections under data protection, privacy and banking secrecy laws and covers identifying documents, account-opening papers, correspondence, and account statements or statements of assets. The authorisation is irrevocable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.