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FURNISHING OF STATEMENT OF FINANCIAL TRANSACTION RULE - 114E

Income Tax - Tax Liability in special Circumstances / Specific Cases - 26 - (1) The statement of financial transaction required to be furnished under sub-section (1) of section 285BA of the Act shall be furnished in respect of a financial year in Form No. 61A and shall be verified in the manner indicated therein. (2) The statement referred to in sub-rule (1) shall be furnished by every person mentioned in column (3) of the Table below in respect of all the transactions of the nature and value sp .....

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ny bank or banking institution or any other company or institution issuing credit card.) Payments made by any person against bills raised in respect of a credit card issued to that person, aggregating to two lakh rupees or more in the year. 3. A trustee of a Mutual Fund or such other person managing the affairs of the Mutual Fund as may be duly authorized by the trustee in this behalf. Receipt from any person of an amount of two lakh rupees or more for acquiring units of that fund. 4. A company .....

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rupees or more. 7. A person being an officer of the Reserve Bank of India. Receipt from any person of an amount or amounts aggregating to five lakh rupees or more in a year for bonds issued by the Reserve Bank of India. (3) The return referred to in sub-rule (1) shall be furnished to the Director of Income-tax (Central Information Branch), Provided that where the Board has authorized an agency to receive such return on behalf of the Director of Income-tax (Central Information Branch), the retur .....

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