https://www.taxtmi.com/manuals?id=1455 Section 271FA creates a daily penalty regime for failure to furnish a Statement of Financial Transactions or Reportable Account as required; the tax authority may direct payment of a daily penalty for default and a higher daily penalty if the statement is not furnished within the period specified in a notice. Filing deadlines include an annual due date for the statement following the financial year and, subsequently, quarterly reporting with specified due dates for each quarter under the governing rules. en-us Thu, 28 Jan 2016 17:37:00 +0530 Wed, 15 May 2024 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1455 Section 271FA creates a daily penalty regime for failure to furnish a Statement of Financial Transactions or Reportable Account as required; the tax authority may direct payment of a daily penalty for default and a higher daily penalty if the statement is not furnished within the period specified in a notice. Filing deadlines include an annual due date for the statement following the financial year and, subsequently, quarterly reporting with specified due dates for each quarter under the governing rules. Manuals Income Tax Thu, 28 Jan 2016 17:37:00 +0530 https://www.taxtmi.com/manuals?id=1455