What are the consequences for furnishing inaccurate statement of financial transaction or reportable account?

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....ently Asked Questions (FAQs)<br>Income Tax<br>Ans. If a prescribed reporting financial institution referred to in Section 285BA(1) who is required to furnish statement of financial transaction or repo....

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....uthority or agency; (c) the person discovers the inaccuracy after the statement is furnished and fails to inform and furnish correct information within a period of 10 days as specified under section ....