Report by assessee (general companies and tax audit parties) for FY 2016-17 to be furnished by 31st May 2017 – presented in relevant and simplified manner

Report by assessee (general companies and tax audit parties) for FY 2016-17 to be furnished by 31st May 2017 – presented in relevant and simplified manner https://www.taxtmi.com/article/detailed?id=7426 The Income tax Act and Rule 114E require specified reporting persons, including companies issuing shares and assessees subject to tax audit, to furnish a Statement of Financial Transactions in Form 61A, electronically and in prescribed data structure, containing Part A entity/statement metadata and Part B aggregated transaction details for each person reported. Reporting persons must designate a Designated Director and Principal Officer, register with the systems administrator, sign and verify the statement, rectify defects when intimated, and comply with data security and procedural standards prescribed by the administering authority. en-us Mon, 22 May 2017 07:18:20 +0530 Mon, 22 May 2017 07:18:20 +0530 TaxTMI RSS Generator Report by assessee (general companies and tax audit parties) for FY 2016-17 to be furnished by 31st May 2017 – presented in relevant and simplified manner https://www.taxtmi.com/article/detailed?id=7426 The Income tax Act and Rule 114E require specified reporting persons, including companies issuing shares and assessees subject to tax audit, to furnish a Statement of Financial Transactions in Form 61A, electronically and in prescribed data structure, containing Part A entity/statement metadata and Part B aggregated transaction details for each person reported. Reporting persons must designate a Designated Director and Principal Officer, register with the systems administrator, sign and verify the statement, rectify defects when intimated, and comply with data security and procedural standards prescribed by the administering authority. Articles Income Tax Mon, 22 May 2017 07:18:20 +0530 https://www.taxtmi.com/article/detailed?id=7426