TaxTMI 
TaxTMI 
Information to be maintained and reported by a reporting financial institution [ Section 285BA(1)(k) Rule 114G ]
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....itution in respect of each reportable account, namely:- * (a) the name, address, taxpayer identification number (assigned to the account holder by the country or territory of his residence for tax purposes) and date and place of birth (in the case of an individual) of each reportable person, that is an account holder of the account; * (b) in the case of any entity which is an account holder an....
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....f the account was closed during such year, immediately before closure; * (e) in the case of any custodial account,- * (i) the total gross amount of interest, the total gross amount of dividends, and the total gross amount of other income generated with respect to the assets held in the account, in each case paid or credited to the account (or with respect to the account) during the calendar ye....
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....o the account holder during the relevant calendar year; and * (h) in the case of any account held by a non-participating financial institution, for calendar year 2015 and 2016, the name of each non-participating financial institution to which payments have been made and aggregate amount such payments: Meaning of Specified term * (a) "account holder" means the person listed or ident....
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....and any person with a vested entitlement to payment under the terms of the contract. * (b) "taxpayer identification number" means a number assigned to a person in the country or territory in which he is resident for tax purposes and includes a functional equivalent in case no such number is assigned. Due Diligence procedure * The statement of reportable account required to be furnis....