https://www.taxtmi.com/acts?id=19948 Rule 114H establishes due diligence procedures to identify and report reportable accounts: it defines new and pre-existing individual and entity accounts, sets electronic and paper search protocols and enhanced reviews for high-value accounts, mandates collection and verification of self-certifications and documentary evidence for new accounts, prescribes review thresholds and procedures for pre-existing entity accounts (including determination of passive NFE controlling persons), requires aggregation and currency conversion rules for threshold tests, and limits reliance on unreliable documentation while prescribing transitional measures and a limited rule for crypto-asset information exchange. en-us Thu, 13 Aug 2015 11:38:24 +0530 Fri, 06 Mar 2026 18:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19948 Rule 114H establishes due diligence procedures to identify and report reportable accounts: it defines new and pre-existing individual and entity accounts, sets electronic and paper search protocols and enhanced reviews for high-value accounts, mandates collection and verification of self-certifications and documentary evidence for new accounts, prescribes review thresholds and procedures for pre-existing entity accounts (including determination of passive NFE controlling persons), requires aggregation and currency conversion rules for threshold tests, and limits reliance on unreliable documentation while prescribing transitional measures and a limited rule for crypto-asset information exchange. Act-Rules Income Tax Thu, 13 Aug 2015 11:38:24 +0530 https://www.taxtmi.com/acts?id=19948