https://www.taxtmi.com/manuals?id=4311 Non-furnishing of a statement of financial transactions or reportable account attracts a daily penalty; tax authorities may issue an administrative notice requiring filing within a specified period, after which a higher daily penalty applies. Reporting financial institutions face penalties for inaccuracies caused by false or inaccurate information from account holders and may recover such penalty amounts from the holder of the reportable account. en-us Tue, 26 Dec 2023 17:05:00 +0530 Tue, 02 Jan 2024 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4311 Non-furnishing of a statement of financial transactions or reportable account attracts a daily penalty; tax authorities may issue an administrative notice requiring filing within a specified period, after which a higher daily penalty applies. Reporting financial institutions face penalties for inaccuracies caused by false or inaccurate information from account holders and may recover such penalty amounts from the holder of the reportable account. Manuals Income Tax Tue, 26 Dec 2023 17:05:00 +0530 https://www.taxtmi.com/manuals?id=4311