Packages / Price Login

Tax Management India. Com
Law and Practice : Digital eBook
Research is most exciting & rewarding

Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes

TMI - e-Newsletter TaxTMI The High Court quashed penalty u/s E-Way Bill... TaxTMI The case involves a challenge to the extension of... TaxTMI The ITAT Ahmedabad addressed the validity of an... TaxTMI The Gujarat High Court held that the applicant, as... TaxTMI The ITAT Delhi considered the validity of a... TaxTMI The notification u/s 3 & 5 of CGST Act and u/s 3 of... TaxTMI The Authority for Advance Ruling, Tamil Nadu... TaxTMI The Authority for Advance Ruling determined that... TaxTMI The ITAT Jodhpur allowed admission of additional... TaxTMI The Authority for Advance Ruling, Tamil Nadu... TaxTMI The Advance Ruling Authority in Tamil Nadu... TaxTMI The case concerns the liability of an exporter to... TaxTMI The Income-tax (Sixth Amendment) Rules, 2024,... TaxTMI The Ministry of Finance, Department of Revenue, u/s... TaxTMI The Instruction issued by the Government of India... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Follow us:

Discussions Forum

Home

A Public Forum.
Acknowledging the Value of Experts.
Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query My Issues My Replies
A free service.
You may submit an issue for brainstorming also.

← Previous Next →

PMLA - Maintenace of Records, Other Topics

Issue Id: - 118543
Dated: 23-5-2023
By:- Ethirajan Parthasarathy

PMLA - Maintenace of Records

Contents

Rule 3 of PMLA (Maintenance of Records) Rule 2005 provides for maintenance of records of 7 types of transactions with threshold limit specified therein.

It follows only such transactions have to be reported by “Reporting Entities”

Recent notification has included reporting of certain transactions carried out by CAs on behalf of their client.

I presume CAs are required to report such specified transactions subject to threshold limit specified in Rule 3 above, that too only if transactions are done by cash and for & on behalf of “clients”.

View of experts are solicited

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 22-11-2023
By:- DR.MARIAPPAN GOVINDARAJAN

Your views are correct.

Page: 1

Old Query - New Comments are closed.

← Previous Next →

Quick Updates:

What's New:
Latest Case Laws

What's New:
Latest Notifications

What's New:
Latest Circulars

F: PRIVATE CHARITABLE TRUST

F: RECOVERING GST PAID AT HIGHER RATE

H: Classification of goods clarified by AAR - Sleeping Bag Mk4 large fall...

H: Refund claim allowed as the test of unjust enrichment passed. Interest...

H: CESTAT rules in favor of appellant in Customs Act case. Permit for pas...

H: Wrongful utilization of CENVAT Credit under Reverse Charge Mechanism d...

F: Notice received Service tax on labour supply

F: Credit note issued but not amended in GSTR1 return accordingly

F: Registration

F: Repair and Maintenance Input in case of Immovable property given on rent

F: ITC Disallowed Under 16(4)

A: Understanding the Rights, Duties, and Liabilities of a Director in a C...

N: Income-tax (Sixth Amendment) Rules, 2024 - Form No. 27Q amended. New i...

A: SEAT OF ARBITRATION IS TO BE BASE OF CONNECTION WITH ARBITRAITON PROCE...

A: Proper Officer has to mandatorily disclose the reasons for the rejecti...

A: Unutilized VAT Credit is allowed to be transitioned under the GST regime

H: Liability to pay GST excluded in contract; contractor cannot claim add...

H: Margin Scheme not applicable for scrap items like Iron, Lead Acid Batt...

H: GST applicable only on supervision fee, not on material/labor cost.

H: Impugned show cause notice lacked essential details for hearing. Court...

H: Penalty u/s 129(3) of UP GST Act not justified for technical error in ...

H: Cancellation of petitioner's registration due to non-existent firm wit...

H: Fraudulent availing of Input Tax Credit under sections 132(1)(b) & (c)...

H: Condonation of delay in filing appeal u/s 107 of UPGST Act - Departmen...

H: Levy of penalty on transportation of goods - petitioner's right to hea...

H: Levy of penalty u/s 270A - Immunity granted as under-reporting/misrepo...

H: Seeking direction for processing Revised Return u/s 170-A, petitioner ...

C: Guidelines for initiation of recovery proceedings before 3 months from...

N: Amendment in Notification G.O.(P) No.66/2024/TD. dated 16th April, 2024

F: GST ON POST SUPPLY DISCOUNT