https://www.taxtmi.com/article/detailed?id=7427 Reporting under section 285BA and Rule 114E requires specified reporting persons to file a statement of financial transactions in Form 61A for defined transaction types; reporting persons must aggregate like transactions, attribute values to joint holders, and apply thresholds, while taxpayers should reconcile bank, investment and TDS/TCS records with third party reports to prevent mismatches that may trigger enquiries and tax, interest or penalty exposure. en-us Tue, 23 May 2017 07:46:24 +0530 Tue, 23 May 2017 07:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7427 Reporting under section 285BA and Rule 114E requires specified reporting persons to file a statement of financial transactions in Form 61A for defined transaction types; reporting persons must aggregate like transactions, attribute values to joint holders, and apply thresholds, while taxpayers should reconcile bank, investment and TDS/TCS records with third party reports to prevent mismatches that may trigger enquiries and tax, interest or penalty exposure. Articles Income Tax Tue, 23 May 2017 07:46:24 +0530 https://www.taxtmi.com/article/detailed?id=7427