Amendment in rule 114H of Income-tax Rules, 1962

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....No.48/2016 [S.O.2151(E)] dated 20th June 2016. In order to provide sufficient time to the reporting financial institutions for completing the due diligence procedure in respect of other reportable account referred to in Rule 114H (3)(d)(ii), which is high value account as on 31st December, 2015, the timeline specified for review of pre-existing individual account has been extended from 30th June,....