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FORM 58D See rule 11MAA Report to be submitted by a public sector company, local authority or an approved association or institution under clause (ii) of subsection (5) of section 35AC of the Income
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Who needs form 58d report to?
01
Individuals with reportable transactions: Form 58d report is needed by individuals who have engaged in reportable transactions, such as foreign financial accounts or transactions exceeding certain thresholds.
02
Taxpayers with specific obligations: Some taxpayers may be required to submit form 58d report as part of their tax obligations, especially if they meet certain criteria or fall within particular categories.
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Regulatory compliance: Certain organizations or entities may need to file form 58d report to ensure compliance with tax laws and regulations set by the relevant authorities.
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Professional advisors: Tax professionals or advisors may need to fill out form 58d report on behalf of their clients who are required to submit such a report. They should have a clear understanding of the reporting requirements.
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