What is A.I.R?

Sl.No.

(1)

Class of person required to file AIR

(2)

Nature and value of transaction

(3)

1

Banking company

Cash deposits aggregating to ten lakh rupees or more in a year in any savings account

2

Any company or institution issuing credit card.

Payments made in respect of a credit card aggregating to two lakh rupees or more in the year.

3

Trustee or authorized manger of Mutual Fund

Receipt from any person of an amount of two lakh rupees or more for acquiring units of that Fund.

4

Company or institution issuing bonds or debentures.

Receipt from any person of an amount of five lakh rupees or more for acquiring bonds or debentures issued by the company or institution.

5

Company issuing shares through a public or rights issue.

Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the company.

6

Registrar or Sub-Registrar

Purchase or sale by any person of immovable property valued at thirty lakh rupees or more.

7

Authorised officer of the Reserve Bank of India,

Receipt from any person of an amount or amounts aggregating to five lakh rupees or more in a year for bonds issued by the Reserve Bank of India.