Which documents need to be submitted to the Reporting Entity for Client Due Diligence, verified and maintained when the client is an individual?
Updated
Where the client is an individual, he shall submit to the reporting entity,
(a) the Aadhaar number where, he is desirous of receiving any benefit or subsidy or where he decides to submit his Aadhaar number voluntarily; or
(b) the proof of possession of Aadhaar number where offline verification can be carried out; or
(c) the proof of possession of Aadhaar number where offline verification cannot be carried out or any officially valid document or the equivalent e-document thereof containing the details of his identity and address; and
(d) the Permanent Account Number or the equivalent e-document thereof or Form No. 60 as defined in Income-tax Rules, 1962; and
(e) such other documents including in respect of the nature of business and financial status of the client, or the equivalent e-documents thereof as may be required by the reporting entity.
