Notifications

The CBDT through the Directorate of Income Tax (Systems), has notified the guidelines for furnishing Statement of Financial Transactions (SFT-2517) relating to depository transactions. 


CBDT Notification: Half-Yearly SFT Reporting by Depositories to Facilitate Capital Gains Pre-Filling in ITRs

Articles

High-value financial transactions are automatically reported to tax authorities under the Statement of Financial Transaction (SFT), making non-disclosure in ITRs risky.

Think Your Big Transactions Go Unnoticed? Income Tax Department Is Already Watching

Section 285BA of the Income Tax Act requires specified reporting persons to furnish a Statement of Financial Transaction.

Is Filing a Nil Statement of Financial Transaction (SFT) Mandatory

To keep an eye on large financial transactions made by taxpayers, the Income-tax Law has developed the SFT or Reportable Account. Know who is required to file it.

Understanding What is Statement of Financial Transaction (SFT), Who is Required to File

News

Statement of Financial Transactions (SFT) is a document that certain prescribed entities in India must file.

Deadline Alert: File Income Tax SFT Today to Avoid Penalties

The Income Tax Department has notified taxpayers regarding Filing of Statement of Financial Transactions.

Attention Income Tax Taxpayer!: Last date to file SFT Approaching Soon; Check Details

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