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of <h1>Financial institutions must register and submit reports via e-filing under Income-tax Act, 1961 using Form 61B.</h1> The notification outlines procedures for financial institutions to register and submit reports under the Income-tax Act, 1961. Institutions must register with the Income Tax Department via the e-filing website using their existing login credentials. After registration, they must submit Form 61B or a Nil statement through the designated director, who uses their digital signature for authentication. The process includes submitting the institution's PAN and specifying the reporting category. The notification supersedes procedures from a previous notification dated August 25, 2015, although past registrations and submissions remain valid.
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