What is annual information return

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shalini goyal

shalini goyal (Querist)
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24 January 2012 please tell me the answer of this question as soon as possible

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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24 January 2012 AIR is the return whihc bank submits at the end of the year, which lists high value transaction (more than Rs. 50K)by any cusotmer of bank.

Yogesh Agarwal

Yogesh Agarwal (Expert)
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24 January 2012 Please follow the links

you will know what are the transactions required to be furnished in AIR

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITRU&schT=rul&csId=cf7cf2f5-1457-4e23-be11-3f51be204d65&rNo=114e&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

Yogesh

Yogesh Agarwal

Yogesh Agarwal (Expert)
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Yogesh Agarwal

Yogesh Agarwal (Expert)
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Yogesh Agarwal

Yogesh Agarwal (Expert)
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24 January 2012 Dear Sri Dwivedi ji

Pls note that not only the banks are bound to submit the report on high value transaction but also the Mutual Fund, Company issuing Bonds, Shares, Debentures and the registrar.

The value of reportable transaction is not 50K but different in different cases.

Yogesh Agarwal

Yogesh Agarwal (Expert)
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