https://www.taxtmi.com/acts?id=19947 Reporting financial institutions must maintain and report account-holder identity details, taxpayer identification numbers, account balances, income and payment information, and, where applicable, controlling-person data, account status, and joint-account particulars for each reportable account. The rule also prescribes exceptions where taxpayer identification number, date of birth, or place of birth need not be reported if unavailable or not required, and provides staged reporting for earlier calendar years. Annual reporting is to be furnished in Form No. 61B, or as a nil statement where no reportable account is identified, through secure electronic transmission with designated officers and regulator-prescribed procedures. en-us Thu, 13 Aug 2015 11:36:21 +0530 Thu, 21 May 2026 14:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19947 Reporting financial institutions must maintain and report account-holder identity details, taxpayer identification numbers, account balances, income and payment information, and, where applicable, controlling-person data, account status, and joint-account particulars for each reportable account. The rule also prescribes exceptions where taxpayer identification number, date of birth, or place of birth need not be reported if unavailable or not required, and provides staged reporting for earlier calendar years. Annual reporting is to be furnished in Form No. 61B, or as a nil statement where no reportable account is identified, through secure electronic transmission with designated officers and regulator-prescribed procedures. Act-Rules Income Tax Thu, 13 Aug 2015 11:36:21 +0530 https://www.taxtmi.com/acts?id=19947