https://www.taxtmi.com/acts?id=18087 Furnishing of authorisation under section 94A requires the assessee to submit Form No. 10FC, give the first copy to the financial institution, and file the second copy with evidence before the Assessing Officer. The assessee must also take all necessary steps to ensure the authorisation is legally enforceable. For transactions with a person in a notified jurisdictional area, additional records concerning ownership structure, multinational group details, business profile, and other relevant information must be maintained for the prescribed period and kept for eight years from the end of the relevant assessment year. en-us Fri, 26 Jul 2013 11:51:57 +0530 Tue, 19 May 2026 17:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18087 Furnishing of authorisation under section 94A requires the assessee to submit Form No. 10FC, give the first copy to the financial institution, and file the second copy with evidence before the Assessing Officer. The assessee must also take all necessary steps to ensure the authorisation is legally enforceable. For transactions with a person in a notified jurisdictional area, additional records concerning ownership structure, multinational group details, business profile, and other relevant information must be maintained for the prescribed period and kept for eight years from the end of the relevant assessment year. Act-Rules Income Tax Fri, 26 Jul 2013 11:51:57 +0530 https://www.taxtmi.com/acts?id=18087