Daily Archives: January 19, 2017

Statement of financial transactions -Procedure for registration& submission

By | January 19, 2017

Procedure for registration and submission of statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962 DGIT(S)-ADG(S)-2/e-filing notification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 1 of 2017 New Delhi, 17th January, 2017… Read More »

Transaction Codes for Preparation of SFT (Financial Transactions) u/s 285BA Rule 114E

By | January 19, 2017

Transaction Codes for Preparation of SFT u/s 285BA Rule 114E Transaction Specific Guidelines for Preparation of Statement of Financial Transactions (SFT) Transaction specific guidelines for preparation of Statement of Financial Transactions (SFT) are given in following paragraphs. SFT- 001: Purchase of bank drafts or pay orders in cash SFT- 002: Purchase of pre-paid instruments in… Read More »

SFT Report Generation Utility Quick Reference Guide

By | January 19, 2017

SFT Report Generation Utility Quick Reference Guide [ Statement of Financial Transaction (SFT) Report / SFT Report Generation Utility ] 1 Downloading SFT Report Generation Utility 1. Go to e-filing portal at https://incometaxindiaefiling.gov.in/ 2. Click on the Forms (other than ITR) tab under the Downloads section. 3. Click on the Download link against Form 61A to… Read More »