Statement of financial transaction reporting under Section 285BA requires specified entities to file statements for reportable accounts. A statement of financial transaction or reportable account is a filing obligation under section 285BA requiring specified entities to furnish details of ... Summary
Statement of financial transaction reporting under Section 285BA requires specified entities to file statements for reportable accounts.
A statement of financial transaction or reportable account is a filing obligation under section 285BA requiring specified entities to furnish details of specified financial transactions and any reportable accounts registered, recorded or maintained during the financial year to the income-tax authority or other prescribed authority; this filing was previously termed the Annual Information Return (AIR).
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