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INCOME TAX RULES, 1962 FORM NO. 60 (See second proviso to rule 114B) Form for declaration to be filed by an individual or a person (not being a company or firm) who does not have a permanent account

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What is learn about rule 114b?

Rule 114b is a regulation that pertains to reporting certain transactions to the IRS.

Who is required to file learn about rule 114b?

Financial institutions and other entities specified by the IRS are required to file learn about rule 114b.

How to fill out learn about rule 114b?

The form for rule 114b can be filled out electronically through the IRS website.

What is the purpose of learn about rule 114b?

The purpose of rule 114b is to help the IRS prevent tax evasion and money laundering.

What information must be reported on learn about rule 114b?

Information such as the taxpayer's name, address, taxpayer identification number, and details of the transaction must be reported on rule 114b.

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