Filing of Annual Information Return to be filed by Mutual Funds

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....l Information Return to be filed by Mutual Funds This is with reference to the Annual Information Return required to be filed by Mutual Funds under section 285 BA in the Income-tax Act under which the trustees of Mutual Funds or such other person managing the affairs of the Mutual Funds as may be duly authorized by the trustees in this behalf have to report specified financial transactions in e....

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....Incorrect district and state codes • Incorrect transaction codes • Wrongly showing transaction as of 'Govt.' party. AIRs are required to be filed only by the mutual fund and no separate AIR has to be furnished for each scheme of the mutual fund. It may be noted that Annual Information Returns (AIRs) constitute an important source of information to Income Tax Departm....