https://www.taxtmi.com/manuals?id=1453 Section 285BA requires prescribed persons who register or maintain records of specified financial transactions or reportable accounts to furnish an SFTRA, generally electronically in Form 61A, for transactions recorded on or after the notified date. Rules set the scope of specified transactions, filing periodicity and deadlines, and permit limited alternative media for certain officers. The income tax authority may call for rectification of defective statements or issue notices to compel filing; undisclosed inaccuracies must be corrected within prescribed time, and statutory penalties apply for non furnishing or inaccurate reporting. en-us Thu, 28 Jan 2016 17:33:00 +0530 Fri, 25 Oct 2024 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1453 Section 285BA requires prescribed persons who register or maintain records of specified financial transactions or reportable accounts to furnish an SFTRA, generally electronically in Form 61A, for transactions recorded on or after the notified date. Rules set the scope of specified transactions, filing periodicity and deadlines, and permit limited alternative media for certain officers. The income tax authority may call for rectification of defective statements or issue notices to compel filing; undisclosed inaccuracies must be corrected within prescribed time, and statutory penalties apply for non furnishing or inaccurate reporting. Manuals Income Tax Thu, 28 Jan 2016 17:33:00 +0530 https://www.taxtmi.com/manuals?id=1453