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1. cleartax.in › s › sftSFT - Statement Of Financial Transaction - ClearTax

   cleartax.in › s › sft

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   What is a Statement of Financial Transaction (SFT)? Filers must provide a statement of financial transaction or reportable account for their defined financial transactions. Such information reported will be reflected in the AIS - Annual Information statement of the taxpayer.

2. taxguru.in › income-tax › statement-financialUnderstanding Statement of Financial Transaction (SFT) - Tax Guru

   taxguru.in › income-tax › statement-financial

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   Nov 4, 2023 · Dive into the intricacies of the Statement of Financial Transaction (SFT) in India. Learn about reportable transactions, entities filing statements, and consequences of non-compliance. Explore the significance of SFT in pre-filing income returns, the registration process, and reporting obligations for financial institutions under the Income Tax ...

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

   taxguru.in › income-tax › statement-financial

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   Jun 8, 2020 · WHO IS REQUIRED TO FILE STATEMENT OF FINANCIAL TRANSACTIONS (SFT) As per rule 114E following persons (reporting persons) are required to furnish statement of financial transaction. a) Any person who is liable for audit under section 44AB of the Income –tax Act. b) A Banking Company. c) A Co-operative Bank. d) Post Master General of Post office.

4. report.insight.gov.inIncome Tax Department | Reporting Portal | Project Insight

   report.insight.gov.in

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   Mar 4, 2024 · Reporting Entity or Reporting Person is an entity which is required to furnish a Statement of Financial Transaction (in Form 61 A) or Statement of Reportable Account (in Form 61B) with the Income Tax Department as per the provisions of section 285BA of the Income Tax Act 1961.

5. cleartax.in › s › form-61aForm 61A – Statement of Specified Financial Transactions (SFT)

   cleartax.in › s › form-61a

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   The Statement of Financial Transactions or Form 61A is a record of specified financial transactions that should be furnished under the Income Tax Act. Find out which are there specified financial transactions are and what to do in case of nil returns here.

6. www.consultease.com › income-tax-complianceComplete guide on SFT “Specified Financial Transaction”

   www.consultease.com › income-tax-compliance

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   May 21, 2020 · What is a statement of the financial transactions? SFT is a report of specified financial transactions by specified persons including prescribed reporting financial institutions.

7. taxguru.in › income-tax › transparent-taxation-sftTransparent Taxation – SFT ( Specified Financial Transactions )

   taxguru.in › income-tax › transparent-taxation-sft

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   Jun 2, 2021 · SFT (Specified Financial Transactions) or (Statement of Financial Transactions), is report filed by ‘specified persons’ under Section 285BA of Income Tax Act, 1961 which record transactions exceeding threshold limit including investment and expenditure done by taxpayers in FY.