This document, Form No. 166, outlines the structured reporting format for reportable accounts as mandated by the Income-tax Act. It details the specific information required for reporting entities, including their identification, and the particulars of each reportable account. The form covers both individual and entity account holders, along with controlling persons. This is an essential document for financial institutions and other entities responsible for reporting account information to the tax authorities.
Draft Form No 166: Structured Reporting Format for Reportable Accounts #pdf