What are the consequences for furnishing inaccurate statement of financial transaction or reportable account?

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..... ently Asked Questions (FAQs) - Income Tax - Manuals - Ans . If a prescribed reporting financial institution referred to in Section 285BA(1) who is required to furnish statement of financial transa .....

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..... thority or such other authority or agency; (c) the person discovers the inaccuracy after the statement is furnished and fails to inform and furnish correct information within a period of 10 days .....

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