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F No 1080/06/DLA/IRS/2016 1Form 2 See rule 2(4) FORM OF ACKNOWLEDGEMENT UNDER SUB SECTION (2) OF SECTION 214 OF THE FINANCE ACT, 2016 IN RESPECT OF INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 Reference
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Rule 24 pertains to the reporting requirements for certain financial transactions.
Entities engaged in specified financial transactions are required to file Rule 24.
The form for Rule 24 should be filled out with accurate and complete information regarding the financial transaction.
The purpose of Rule 24 is to provide transparency and monitoring of financial transactions.
Information such as transaction amount, parties involved, and nature of transaction must be reported on Rule 24.
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