https://www.taxtmi.com/acts?id=19946 Rule 114F defines the principal terms that govern reporting and due-diligence obligations: financial account (depository, custodial, equity/debt interests, cash value insurance/annuity contracts), financial institution categories (custodial, depository, investment entity, specified insurance company), and financial asset. It sets out categories of excluded accounts and non-reporting financial institutions with precise operational and regulatory conditions, and explains classification tests for reportable accounts, reportable persons, passive income, controlling persons, and sponsored or local-client-base entities, including treatment of specified electronic money products and relevant crypto-assets. en-us Thu, 13 Aug 2015 11:33:48 +0530 Mon, 09 Mar 2026 13:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19946 Rule 114F defines the principal terms that govern reporting and due-diligence obligations: financial account (depository, custodial, equity/debt interests, cash value insurance/annuity contracts), financial institution categories (custodial, depository, investment entity, specified insurance company), and financial asset. It sets out categories of excluded accounts and non-reporting financial institutions with precise operational and regulatory conditions, and explains classification tests for reportable accounts, reportable persons, passive income, controlling persons, and sponsored or local-client-base entities, including treatment of specified electronic money products and relevant crypto-assets. Act-Rules Income Tax Thu, 13 Aug 2015 11:33:48 +0530 https://www.taxtmi.com/acts?id=19946