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TMI BlogInformation to be maintained and reported by a reporting financial institution [ Section 285BA(1)(k) Rule 114G ]X X X X Extracts X X X X X X X X Extracts X X X X ..... ial institution in respect of each reportable account, namely:- (a) the name, address, taxpayer identification number (assigned to the account holder by the country or territory of his residence for tax purposes) and date and place of birth (in the case of an individual) of each reportable person, that is an account holder of the account; (b) in the case of any entity which is an account holder an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s closed during such year, immediately before closure; (e) in the case of any custodial account,- (i) the total gross amount of interest, the total gross amount of dividends, and the total gross amount of other income generated with respect to the assets held in the account, in each case paid or credited to the account (or with respect to the account) during the calendar year; and (ii) the total g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vant calendar year; and (h) in the case of any account held by a non-participating financial institution, for calendar year 2015 and 2016, the name of each non-participating financial institution to which payments have been made and aggregate amount such payments: Meaning of Specified term (a) account holder means the person listed or identified as the holder of a financial account by the financia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the contract. (b) taxpayer identification number means a number assigned to a person in the country or territory in which he is resident for tax purposes and includes a functional equivalent in case no such number is assigned. Due Diligence procedure The statement of reportable account required to be furnished under clause (k) of section 285BA(1) shall be furnished by a reporting financial in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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