Del. HC: Denying Seat to Candidate Due to Administrative Fault Would be Unjust || All. HC: Not Mandatory for Passport Authority to Impound Passport of Accused Persons || Raj. HC: In Absence of Statutory Rules, Denying Appt. on Basis of Minimum Height is Discriminatory || MP HC: Party Required to Lay Factual Foundation for Getting Benefit of Section 65 of Evidence Act || Ker. HC: Settlement of Cases Including Offence of Rape & POCSO Act Offences is Not Permissible || Gujarat High Court: Wife Allowed to Become Guardian & Manager of Husband in Coma || SC: Partition of Property Can’t be Done by Metes & Bounds in Chandigarh || SC Approves Requirement for Judicial Officers to be Converse With Local Language || Kerala High Court: Denial of Ordinary Leave Reduces Convict’s Chances of Rehabilitation || Delhi HC Issues Circular Regarding Pass-Overs or Adjournments in Bail, Parole Matters

Amendment in Rule 114H of Income-tax Rules, 1962- (Ministry of Finance ) (22 Jun 2016)

MANU/PIBU/0499/2016

Direct Taxation

Rule 114H of the Income Tax Rules 1962 has been amended to provide sufficient time to reporting financial institutions for completing due diligence in respect of reportable accounts under the provision.

The timeline specified for review of pre-existing individual and entity accounts has been extended from 30 June 2016 to 31 December 2016. The extension is only for high value accounts.

Relevant : Income-Tax (15th Amendment) Rules, 2016 MANU/CBDT/0057/2016

Tags : INCOME TAX RULES REPORTABLE ACCOUNTS DEADLINE

Share :