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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.
Dec 26, 2023 · Some significant information available with the Income Tax Department includes the following: Purchase of time deposits - Rs 31,50,000. The objective of this campaign is to validate above information and promote voluntary compliance.
Jun 21, 2024 · [AIS] What is Purchase of time deposits (SFT-005) ? I downloaded my AIS and TIS today and I see these entries called "Purchase of time deposits". What do these relate to ? Are these taxable ? What does "GROSS AMOUNT RECEIVED FROM THE PERSON" and "GROSS AMOUNT PAID TO THE PERSON" mean ? Why are they different ? Taxpayer Information Summary (TIS)
Nov 2, 2021 · What is Gross Purchase amount? Lastly, I have checked it in annual info statement. Please find the below screenshot. The figure Rs.10,03,354/- got resolved from my bank account statement, this is clearly FD interest I know. Please find the below image.
Feb 15, 2023 · Reporting entity reports the information relating to purchase of time deposits by a deposit holder through form 61A (SFT -005) (for PAN and non-PAN transactions) and through form 61 in case of non-pan transactions.
May 31, 2024 · In SFT-005, information relating to the purchase of time deposits is reported by the reposting entity. Information pertaining to investment in time deposits is reported in Form 61 if the PAN is not furnished by the transacting party.
Jun 26, 2022 · I just see in Form 26AS – SFT-005 transaction entry saying “Purchase of Time Deposit” for a relative (Retired). I see its for greater than 10L (Auto sweep from savings account) Wanted to ask as to how to show that while filing ITR? What all to consider (Screenshot attached for reference)
Jan 25, 2021 · SFT-005: One or more-time deposits (other than a time deposit made through renewal of another time deposit) of a person aggregating to ten lakh rupees or more in a financial year of a person.
SFT details will be reflected in your Form AIS, SFT transactions can be both at the Income / Sale side ( SB Interest, Sale of Stock / MF ) or from the Expense / Purchase side (Purchase of stocks / MF / Immovable property etc).
Nov 11, 2021 · All about SFT codes in Annual Information Statement (AIS) List of SFT Codes. SFT- 001: Purchase of bank drafts or pay orders in cash; SFT- 002: Purchase of pre-paid instruments in cash; SFT- 003: Cash deposit in current account; SFT- 004: Cash deposit in account other than current account; SFT- 005: Time deposit; SFT- 006: Payment for credit card; SFT- 007: Purchase of debentures; SFT- 008: Purchase of shares; SFT- 009: Buy back of shares; SFT- 010: Purchase of mutual fund units; SFT- 011 ...
