TMI BlogWhat is the amount of penalty levied under section 271FAA?X X X X Extracts X X X X X X X X Extracts X X X X ..... her, an additional penalty of Rs. 5,000 per reportable account is imposed on the reporting financial institutions if there is any inaccuracy in statement of reportable account and such inaccuracy is d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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