The Income Tax Department of India has released a new format for reporting financial transactions under the Income Declaration Scheme, 2016. This report includes details such as Person Name, Date of Birth/Incorporation, Father's Name (for individuals), Aadhaar Number, Identification type and number, Address, City / Town Name, Postal Code, State Code, Country Code, Mobile/Telephone Number, Estimated agricultural income, Estimated non-agricultural income, Transaction Date, Transaction ID, Transaction Type, Transaction Amount, and Transaction Mode.
Form 61 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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