Reportable account to Income tax Dept by Financial Institutions
What are the definitions for the purpose of reportable account under Rule 114G and H of Income Tax rules ? Definitions are specified in Rule 114F inserted by the Income-tax (Eleventh Amendment) Rules, 2015, w.e.f. 7-8-2015. How to identify reportable account ? As per Rule 114H inserted by the Income-tax (Eleventh Amendment) Rules, 2015, w.e.f. 7-8-2015. An account shall… Read More »