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TMI BlogProcedure for registration and submission of statement as per clause (k) of sub section (1) of section 285BA of Income-tax Act, 1961 read with Sub rule (7) of Rule 114G of Income-tax Rules, 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... torate of Income Tax (Systems) Notification No 4/2016 New Delhi, 6 April, 2016 Procedure for registration and submission of statement as per clause (k) of sub section (1) of section 285BA of Income-tax Act, 1961 read with Sub rule (7) of Rule 114G of Income-tax Rules, 1962 As per Sub rule (10)(a) of Rule 114G of the Income Tax Rules, 1962 (hereunder referred as the Rules), every reporting fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y, archival and retrieval policies. 2. In exercise of the powers delegated by Central Board of Direct Taxes ('Board') under Sub rule (9)(a) and 9(b) of Rule 114G of the Income tax Rules 1962, the Principal Director General of Income-tax (Systems) hereby lays down the following procedures: a) Generation of ITDREIN: The reporting financial institution is required to get registered with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submit details of the reporting entity on the screen. Once registered, the reporting entity will have an option to edit the details. c) Registration of designated director and principal officer: After submission of reporting entity details, the reporting financial institution will be required to submit the details of designated director and principal officer. The designated director and principa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e with the ITDREIN, PAN (of the designated director) and password The form is required to be submitted using a Digital Signature Certificate of the designated director. e) Submission of Nil statement: In case nil statement is to be submitted, the option to submit Nil statement is required to be selected. The designated director will then be required to submit a declaration with respect to pre-exi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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