Understanding ‘Annual Information Return’ (Air)

1.	Basic provisions & Meaning
2.	Persons required to file statement of financial transaction or reportable account
3.	Transactions that are required to be reported
4.	The periodicity and due date of furnishing statement of financial transaction or reportable account
5.	Consequences of not furnishing statement of financial transaction or reportable account
6.	Inaccurate or defective statement of financial transaction or reportable account
7.	Consequences of filing inaccurate or defective statement of financial transaction or reportable account
8.	Registration
9.	Furnishing of statement of financial transaction and reportable account by prescribed reporting financial institution