https://www.taxtmi.com/manuals?id=4313 The prescribed income tax authority may direct payment of a monetary penalty where a reporting financial institution furnishes an inaccurate statement of financial transaction or reportable account arising from non compliance with the statutory due diligence requirement or deliberate action; where the person knows of the inaccuracy at furnishing and fails to notify the authority; or where the person discovers the inaccuracy post furnishing and fails to inform and furnish corrected information within the prescribed correction period. en-us Tue, 26 Dec 2023 17:07:00 +0530 Tue, 02 Jan 2024 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4313 The prescribed income tax authority may direct payment of a monetary penalty where a reporting financial institution furnishes an inaccurate statement of financial transaction or reportable account arising from non compliance with the statutory due diligence requirement or deliberate action; where the person knows of the inaccuracy at furnishing and fails to notify the authority; or where the person discovers the inaccuracy post furnishing and fails to inform and furnish corrected information within the prescribed correction period. Manuals Income Tax Tue, 26 Dec 2023 17:07:00 +0530 https://www.taxtmi.com/manuals?id=4313