TMI BlogAmendment of section 271FAX X X X Extracts X X X X X X X X Extracts X X X X ..... e 1st day of April, 2015, (i) in the marginal heading, for the words annual information return , the words statement of financial transaction or reportable account shall be substitut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation return. The existing provisions of section 271FA provides for penalty for failure to furnish an annual information return. It is proposed to amend the said section so a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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