https://www.taxtmi.com/article/detailed?id=7861 The amendment increases daily monetary penalties for failure to furnish statements of financial transactions and reportable accounts, raising both the baseline penalty for delay and the higher penalty applicable after issuance of a notice to file, with effect from the commencement of the next fiscal year, to strengthen compliance with reporting obligations. en-us Mon, 05 Feb 2018 06:59:46 +0530 Mon, 05 Feb 2018 06:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7861 The amendment increases daily monetary penalties for failure to furnish statements of financial transactions and reportable accounts, raising both the baseline penalty for delay and the higher penalty applicable after issuance of a notice to file, with effect from the commencement of the next fiscal year, to strengthen compliance with reporting obligations. Articles Budget - Tax Proposals Mon, 05 Feb 2018 06:59:46 +0530 https://www.taxtmi.com/article/detailed?id=7861