TaxTMI 
TaxTMI 
Information to be maintained and reported
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....ether the account holder has provided a valid self-certification; II. report whether the account is a joint account, including the number of joint account holders; (b) in the case of any entity which is an account holder and which, after application of due diligence procedures as provided in rule 240, is identified as having one or more controlling persons that is a reportable person, - (i) the name and address of the entity, taxpayer identification number assigned to the entity by the country or territory of its residence; and (ii) the name, address, date and place of birth of each such controlling person and taxpayer identification number assigned to such controlling person by the country or territory o....
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....credited to or with respect to the account during the calendar year with respect to which the reporting financial institution acted as a custodian, broker, nominee, or otherwise as an agent for the account holder; (f) in the case of any depository account, the total gross amount of interest paid or credited to the account during the relevant calendar year; (g) in the case of any account other than that referred to in clause (e) or (f), the total gross amount paid or credited to the account holder with respect to the account during the relevant calendar year with respect to which the reporting financial institution is the obligor or debtor, including the aggregate amount of any redemption payments made to the account holder....
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....y virtue of which the reportable person is an equity interest holder. (2) For the purposes of sub-rule (1),- (a) "account holder" means the person listed or identified as the holder of a financial account by the financial institution that maintains the account: Provided that a person, other than a financial institution, holding a financial account for the benefit or on account of another person as agent, custodian, nominee, signatory, investment advisor, or intermediary, is not treated as holding the account, and such other person is treated as holding the account: Provided further that in the case of a cash value insurance contract or an annuity contract, the account holder is any person entitled to receive a ....
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....t is required to update the information relating to the pre-existing account pursuant to the rules made under The Prevention of Money- Laundering Act, 2002. (5) Irrespective of sub-rule (1) and sub-rule (4), the taxpayer identification number is not required to be reported if,- (i) a taxpayer identification number (including its functional equivalent) is not issued by the relevant country or territory outside India in which the person is resident for tax purposes or; (ii) the domestic law of the relevant country or territory outside India does not require the collection of the taxpayer identification number issued by such country or territory. (6) Irrespective of sub-rule (1), the place of birth is not required to be....
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.... The statement referred to in sub-rule (8) shall be furnished to the Director of Income-tax (Intelligence and Criminal Investigation) or the Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data to a server designated for this purpose under the digital signature in accordance with the data structure specified in this regard by the Principal Director General of Income-tax (Systems). Explanation. - For the purposes of this sub-rule, "digital signature" means a digital signature issued by any Certifying Authority authorised to issue such certificates by the Controller of Certifying Authorities. (b) Principal Director General of Income Tax (Systems) shall specify the procedures,....
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....f Directors if the reporting financial institution is a company; (ii) the managing partner if the reporting financial institution is a partnership firm; (iii) the proprietor if the reporting financial institution is a proprietorship concern; (iv) the managing trustee if the reporting financial institution is a trust; (v) a person or individual, as the case may be, who controls and manages the affairs of the reporting financial institution if the reporting financial institution is an association of persons or a body of individuals, or any other person; (b) "Principal Officer" means an officer designated by the reporting financial institution; (c) "regulator" means a person or an authority....