https://www.taxtmi.com/acts?id=18699 Obligation to furnish statements of specified financial transactions or reportable accounts is imposed on a defined set of persons and prescribed reporting financial institutions who maintain records relevant to the Income-tax Act; such statements must be furnished to the prescribed income-tax authority or other prescribed agency in the form, manner and time as prescribed. Specified financial transactions are categorized by transaction type with Board-prescribed thresholds. Defective statements may be intimated and treated as invalid if not rectified within a given period, notices may compel filing, discovered inaccuracies must be corrected within a short prescribed period, and the Central Government may make rules on registration, information maintenance and due diligence for identifying reportable accounts. en-us Fri, 11 Jul 2014 16:47:50 +0530 Fri, 11 Jul 2014 16:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18699 Obligation to furnish statements of specified financial transactions or reportable accounts is imposed on a defined set of persons and prescribed reporting financial institutions who maintain records relevant to the Income-tax Act; such statements must be furnished to the prescribed income-tax authority or other prescribed agency in the form, manner and time as prescribed. Specified financial transactions are categorized by transaction type with Board-prescribed thresholds. Defective statements may be intimated and treated as invalid if not rectified within a given period, notices may compel filing, discovered inaccuracies must be corrected within a short prescribed period, and the Central Government may make rules on registration, information maintenance and due diligence for identifying reportable accounts. Act-Rules Bills Fri, 11 Jul 2014 16:47:50 +0530 https://www.taxtmi.com/acts?id=18699