https://www.taxtmi.com/acts?id=19946 Defines the key expressions for the reporting framework under rules 114G and 114H, including financial account, financial asset, financial institution, reportable account, reporting financial institution, reportable person, and U.S.-linked concepts. The rule also specifies excluded accounts and non-reporting financial institutions, such as qualifying retirement and pension arrangements, certain savings and insurance products, governmental entities, international organisations, central banks, and prescribed local or sponsored financial institutions. It further classifies custodial institutions, depository institutions, investment entities, passive non-financial entities, controlling persons, related entities, specified electronic money products, relevant crypto-assets, and other defined categories used for due diligence and reporting. en-us Thu, 13 Aug 2015 11:33:48 +0530 Thu, 21 May 2026 14:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19946 Defines the key expressions for the reporting framework under rules 114G and 114H, including financial account, financial asset, financial institution, reportable account, reporting financial institution, reportable person, and U.S.-linked concepts. The rule also specifies excluded accounts and non-reporting financial institutions, such as qualifying retirement and pension arrangements, certain savings and insurance products, governmental entities, international organisations, central banks, and prescribed local or sponsored financial institutions. It further classifies custodial institutions, depository institutions, investment entities, passive non-financial entities, controlling persons, related entities, specified electronic money products, relevant crypto-assets, and other defined categories used for due diligence and reporting. Act-Rules Income Tax Thu, 13 Aug 2015 11:33:48 +0530 https://www.taxtmi.com/acts?id=19946