Widening of scope of Statement of Financial Transactions (SFT)
Widening the scope of Statement of Financial Transactions (SFT) Existing provisions of section 285BA of the Act, inter alia, provide for furnishing of statement of financial transaction (SFT) or reportable account by person specified therein. In order to enable pre-filling of return of income, it is proposed to obtain information by widening the scope of… Read More »