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TMI BlogObligation to furnish statement of financial transaction or reportable account.X X X X Extracts X X X X X X X X Extracts X X X X ..... association; or (d) the Registrar or Sub-Registrar appointed under section 6 of the Registration Act, 1908 (16 of 1908); or (e) the registering authority empowered to register motor vehicles under Chapter IV of the Motor Vehicles Act, 1988 (59 of 1988); or (f) the Director General as referred to in section 2(a) of the Post Office Act, 2023 (43 of 2023); or (g) the Collector referred to in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n force, shall furnish a statement regarding such specified financial transaction or such reportable account, which is registered or recorded or maintained by him and information relating to which is relevant and required for this Act, to the income-tax authority or such other authority or agency, as prescribed. (2) The statement referred to in sub-section (1) shall be furnished for such period, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the defect within thirty days from the date of such intimation, and at his discretion, extend the said period upon an application made for this purpose. (6) If the defect mentioned in sub-section (5) remains unrectified within the initial period of thirty days or extended period as applicable, then, the provisions of this Act shall apply as if such person had furnished inaccurate information in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnish the correct information in such manner, as prescribed. (9) The Central Government may, specify by rules,- (a) the persons referred to in sub-section (1) to be registered with the prescribed income-tax authority; (b) the nature of information and the manner in which such information shall be maintained by the persons referred to in clause (a); and (c) the due diligence to be carried ..... X X X X Extracts X X X X X X X X Extracts X X X X
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