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Procedure for registration and submission of Statement of Reportable Account as per section 285BA of Income-tax Act, 1961 read with Rule 114G of Income-tax Rules, 1962 - 04/2018 - Income Tax Act, 1961
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Reporting financial institution registration requires ITDREIN and a Designated Director to digitally sign and submit Form No.61B. Reporting financial institutions must register to obtain an ITDREIN, nominate a Designated Director who alone may digitally sign and upload Form No. 61B statements through the Reporting Portal, and submit statements in the prescribed data structure. Correction and deletion statements must follow prescribed procedures using Data Quality Reports and utilities until defects are cleared, and institutions must document and implement information security, archival and retrieval policies for submitted data.
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Reporting financial institution registration requires ITDREIN and a Designated Director to digitally sign and submit Form No.61B.
Reporting financial institutions must register to obtain an ITDREIN, nominate a Designated Director who alone may digitally sign and upload Form No. 61B statements through the Reporting Portal, and submit statements in the prescribed data structure. Correction and deletion statements must follow prescribed procedures using Data Quality Reports and utilities until defects are cleared, and institutions must document and implement information security, archival and retrieval policies for submitted data.
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