Founder Blog

REPORTING OF SFT AND FILING OF FORM 61A

20 Jun 2020

“Section 285BA of the Income Tax requires specified reporting persons to furnish statement of financial transaction. Rule 114E of the Income Tax Rules, 1962 specifies that the statement of financial transaction required to be furnished under sub-section (1) of section 285BA of the Act shall be furnished in Form No. 61A.”

Every person who has entered into any "Specified Financial Transaction" (SFT) during F.Y.2019-20 (i.e. from 01-04-2019 to 31-03-2020), is required to file Form 61A on or before 30-06-2020 as prescribed under the Income Tax  Act, 1961.

In this regard please find link providing brief details of Specified Financial transactions and its reporting :-

https://drive.google.com/file/d/1iQ3nbe8QXQjEjLThffpxk-4nf7Z9081P/view?usp=sharing

In case of any query please revert !!!!!!!!

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