CBDT issues guidelines for depositories to furnish SFT on se…

CBDT issues guidelines for depositories to furnish SFT on se…

CBDT issues guidelines for depositories to furnish SFT on se…

Government of India

Ministry of Finance

Central Board of Direct Taxes

Directorate of Income Tax (Systems)

Notification No,J_ of2026 New Delhi,

10~September, 2026

Format, Procedure and Guidelines for submission of Statement of .Financial Transactions (SFT-2517) for Depository Transactions under section 508(1) of th e Income-tax Act, 2025 read with sub-rule 6 of rule 237 of the Income-tax Rules. 2026

Section 508 of the Income-tax Act, 2025 and rule 237 of Income-tax Rules, 2026 require specified reporting persons to furnish statement of financial transaction (SFT).

2. For the purposes of pre-filling the return of income, sub-rule 6 of rule 237 specifics that a statement of financial transaction under section 508(1) containing information relating to capital gains on transfer of listed securities or units of Mutual Funds shall be furnished by the class of person (reporting person) mentioned in column 4 of sl. no. I of the Ta ble under t he said rule in such Form, at s uch frequency, and in such manner, as may be speci fied by the Principal Director General of Income Tax (Systems) or the Director General of Income Tax (Systems), as the case may be, with the approva l of the Board.

3. In exercise of the powers conferred under sub-rule 6 of rule 23 7. the DG IT(S) hereby specifies the guidelines for preparation and submission of statement of financial transaction (SF’I), which are enclosed as Anncxure A and Annexure B respectively. The format of control statement to be submitted by the Designated Director is enclosed as Annexurc C. The data structure and validation rules are enclosed as Annexure D and Annexure E respectively.

4. All D epositories as defined in section 2(1)(e) of the Depositories AcL 1996 (22 of 1996) are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit the data files using SITP server using the login credentials (communicated separately).

5. A separate control statement (refer annexure C) is required to be signed, verified and furnished by the Des ignated D irector.

6. The statement of financial transaction will be submitted on half yearly basis. The SFT relating to 1st half of the financial year ending on 30th September and Format Procedure and Guldehnes for submission of Statement of FlnancJal Transactjons (SfD for Depository Transactions remaining half of the financial year ending on 3 J st March shaU be furnished on or before 3 I st of October and 30th of April respectively.

7. The reporting entities are also required to provide information reported to Income Tax Department, to the account holder which will enable taxpayers to reconcile the information displayed in the Annual Information Statement (AIS) (Form 168).

8. In case the reporting person/entity comes to know or discovers any inaccuracy in the information provided in~ statement or the defects have been communicated to the reporting person/entity, it~ required to remove the defects by submitting a correction/deletion statement.

9. The reporting person/entity is required to document and implement appropriate information security policies and procedures with clearly defined roles and responsibilities to ensure security of submitted information and related information/documents. The reporting person/entity is also required to document and implement appropriate archival and retrieval policies and procedures with clearly defined roles and responsibilities to ensure that submitted information and related information/documents are available promptly to the competent authorities.

10. This issues with the approval of the CBDT. This Noli fication shall come into effect from the date of issue.

(Ma u Malik) DGIT(Systems), CBDT 1. PPS to the Chairman and Members, CBDT, Kartavya Bhawan, New Delhi.

2. AJI Pr. Chief Commissioners/ Pr. Director Generals of Income Tax and all Chief Commissioners/ Director Generals of Income Tax -with a request to circulate amongst all officers in their regions/ charges.

3. JS (TPL)-1 &2/ Media coordination and Official spokesperson ofCBDT

4. DIT (IT)/ DIT (Audit)/ D!T (Vig.)/ ADG (System) I, 3, 4, S, 6/CIT (CPC-lTR) Bengaluru, CIT (E-Filing) Bengaluru, CIT(OSD), Bengaluru, CIT(OSD)(DFC) Bengaluru, PCIT(e-Verification), CIT (OSD)PMU Delhi, CIT(OSD)-lnsight 2.0, CIT(]TBA), CIT(OSD)(ITBA), CIT (CPC-TDS) Ghaziabad.

5. ADG (PR, PP&OL) with a request for advertisement campaign for the Notification.

6. T PL and ITA Divisions ofCBDT.

7. The Institute of Chartered Accountants of India, IP Estate, New Delhi.

8. Web Manager, “incometaxindia.gov.in” for hosting on the website.

9. Database cell for uploading on WW\\’.irsofficersonlinc.gov.in and m DGIT(S) Corner.

10. !TBA publisher for uploading on ITBA portal. 2 {\J.d. W}V\ \ \w ~\e R~-, (Sudhanshu Shekhar) ADG(Systems)-2, CBDT