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  1. taxguru.in › income-tax › sft-reporting-parametersSFT Reporting Parameters under Income Tax Act - Tax Guru

    Jan 25, 2021 · Learn about the codes and parameters for reporting special financial transactions (SFT) to the Income Tax Department, such as SFT-005 for time deposits. Find out the thresholds, obligations and implications of SFT reporting for taxpayers and authorities.

  2. taxguru.in › income-tax › annual-informationAnnual Information Statement – Purchase of time deposits

    Jan 11, 2022 · Information relating to ‘Purchase of time deposits’ is furnished by the reporting entity (like banks) via Form 61A [SFT- 005]. Notably, such information covers both PAN as well as non-PAN transactions.

  3. www.caclubindia.com › forum › question-on-sft-005Question on SFT-005 Time Deposit - Efiling - Income Tax

    Nov 2, 2021 · A user asks how to understand and file SFT-005 Time Deposit, a statement of financial transaction, for income tax FY 20-21. Other users reply with explanations, suggestions and links to related topics.

  4. financepost.in › what-to-do-when-your-26asWhat to do when your 26AS indicate SFT transactions?

    Sep 16, 2020 · SFT transactions are specified financial transactions that are reported by certain entities to the income-tax authority. If you have done any SFT transaction, such as a time deposit over Rs 10 lacs, it will appear in your 26AS and you need to declare the income from it in your tax return.

  5. taxguru.in › income-tax › statement-financialStatement of Financial Transaction (SFT) and Reportable Account

    Jun 8, 2020 · In my F26AS, SFT-005 Time deposit amount is shown which was credited from my foreign account to NRE account as I was NRI. Please advice if I need to do anything while filing return since this is supposed to be tax free.

  6. tax2win.in › guide › rule-114E-income-tax-actRule 114E Income Tax Act - Reportable Transactions ... - Tax2win

    May 21, 2024 · Learn about the reporting requirements for time deposits under Rule 114E of the Income Tax Act. Find out the nature, value, and reporting person of the transactions that need to be reported in the Statement of Financial Transactions (SFT).

  7. www.incometax.gov.in › iec › foportalDGIT(S)/ADG(S) 2/Reporting - Income Tax Department

    type (i.e. S­Savings, T­Time Deposit, R­Recurring Deposit, O­ Others) and Interest on same account type is required to be aggregated in the report.

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