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<h1>Form 61A Defines Reporting Rules for Financial Transactions Under Section 285BA(1) of the Income-tax Act, 1961</h1> Form 61A under section 285BA(1) of the Income-tax Act, 1961, outlines the reporting requirements for specified financial transactions. It includes details of the reporting entity, statement specifics, principal officer information, and aggregated financial transaction data. The form captures various transaction types, including bank accounts, immovable property, and financial products, requiring information on transaction dates, amounts, and related entities. It mandates the reporting of cash transactions, account summaries, and property dealings, ensuring compliance with tax regulations. The form is structured to collect comprehensive data for tax authorities to monitor financial activities effectively.