https://www.taxtmi.com/forum/issue?id=118543 Rule 3 of the PMLA (Maintenance of Records) Rules, 2005 mandates that reporting entities maintain records and report seven specified transaction types exceeding prescribed thresholds. A recent notification includes certain transactions carried out by chartered accountants on behalf of clients; where those transactions fall within Rule 3 categories, exceed the thresholds and are in cash and executed for and on behalf of clients, the chartered accountant is required to report them as a reporting entity. en-us Tue, 23 May 2023 15:01:10 +0530 Fri, 24 Jan 2025 10:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118543 Rule 3 of the PMLA (Maintenance of Records) Rules, 2005 mandates that reporting entities maintain records and report seven specified transaction types exceeding prescribed thresholds. A recent notification includes certain transactions carried out by chartered accountants on behalf of clients; where those transactions fall within Rule 3 categories, exceed the thresholds and are in cash and executed for and on behalf of clients, the chartered accountant is required to report them as a reporting entity. Discussion-Forum Indian Laws Tue, 23 May 2023 15:01:10 +0530 https://www.taxtmi.com/forum/issue?id=118543