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Nit 12 is a form used to report certain financial transactions to the tax authorities.
Individuals and businesses who engage in specified financial transactions are required to file nit 12.
Nit 12 can be filled out online through the official tax portal or manually by submitting a physical form.
The purpose of nit 12 is to track and monitor financial transactions in order to prevent money laundering and tax evasion.
Information such as the amount of the transaction, the parties involved, and the purpose of the transaction must be reported on nit 12.
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