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PAS Mutual Fund ARN 4464THIRD PARTY PAYMENT DECLARATION FORM (This should be enclosed with each payment/SIP Enrollment)E032737 VIRAL S. BAGADTHEYThird Party Payment Declaration Form should be completed

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How to fill out third party payment declaration

01

Step 1: Obtain a third party payment declaration form from the relevant authority or source.

02

Step 2: Fill in your personal information, including your name, address, and contact details.

03

Step 3: Provide details of the third party for whom you are making the payment, including their name, address, and contact details.

04

Step 4: Specify the purpose of the payment and the amount involved.

05

Step 5: Sign and date the declaration form to confirm the accuracy of the information provided.

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Step 6: Submit the completed form to the designated authority or party responsible for processing third party payment declarations.

Who needs third party payment declaration?

01

Individuals or companies who make payments on behalf of others or receive payments on behalf of others often need to fill out a third party payment declaration.

02

This includes situations where someone acts as an agent, trustee, or representative for another party in financial transactions.

03

It is also applicable when someone is requested to disclose information about the source or recipient of funds to comply with legal or regulatory obligations.

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What is third party payment declaration?

A third party payment declaration is a document that reports payments made to third parties on behalf of individuals or businesses, ensuring compliance with tax regulations.

Who is required to file third party payment declaration?

Typically, businesses or individuals who make payments to third parties, such as contractors or vendors, that meet a certain threshold are required to file this declaration.

How to fill out third party payment declaration?

To fill out a third party payment declaration, you need to provide details of the payments made, including the amounts, recipient information, and the purpose of the payments, following the specific format provided by the tax authority.

What is the purpose of third party payment declaration?

The purpose of the third party payment declaration is to ensure transparency in financial transactions and to assist tax authorities in tracking income for tax compliance.

What information must be reported on third party payment declaration?

The declaration must include the names and addresses of the payees, the amounts paid, the payment dates, and the purpose of the payments.

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