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APPLICATION NO. S3004/16COMMON APPLICATION FORM FOR DEBT AND LIQUID SCHEMES (Please fill in BLOCK Letters) Branch Code ARN & Name of Distributorship×Broker ARN Code Broker Code(only for SBG)(Employee
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How to fill out common transaction form

01
Start by filling out the date of the transaction. This should include the day, month, and year.
02
Next, provide the details of the parties involved in the transaction. This includes their names, addresses, and contact information.
03
Specify the nature of the transaction. This could be a sale, purchase, rent, lease, etc.
04
Describe the item or service being transacted. Provide as much detail as possible to avoid any confusion.
05
State the terms and conditions of the transaction. This may include payment terms, delivery terms, warranties, etc.
06
If there are any additional terms or clauses that need to be included, make sure to add them.
07
Both parties should review the form carefully before signing and dating it.
08
Keep a copy of the completed transaction form for your records.

Who needs common transaction form?

01
Any individual or business involved in a financial or commercial transaction may need to fill out a common transaction form. This includes buyers, sellers, renters, landlords, service providers, etc.
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A common transaction form is a standardized document used to report financial transactions to regulatory authorities, ensuring compliance with tax and reporting laws.
Individuals and businesses involved in specific transactions that meet the reporting criteria, such as financial institutions and certain taxpayers, are required to file a common transaction form.
To fill out a common transaction form, collect necessary financial data, identify the correct form corresponding to the type of transaction, provide accurate information as required by the form, and ensure all fields are completed before submission.
The purpose of the common transaction form is to provide a comprehensive record of certain financial transactions to authorities, aiding in transparency, compliance, and enforcement of tax regulations.
Reporting on a common transaction form typically includes details such as the type of transaction, dates, parties involved, amounts, and any pertinent tax identification numbers.
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