![]() As a result, taxpayers can file an SFT transaction in Form 26AS by completing Form 61A. If such transactions occur in your fiscal year, they will be shown in "Part E" of your new 26AS. The government has updated Form 26AS as of June 2020 to include specified transactions in the Statement of Financial Transactions (SFT). What is a Statement of Financial Transaction (SFT)?įilers must provide a statement of financial transaction or reportable account for their defined financial transactions. It was later repealed by the Finance Act of 2014, which renamed it 'duty to produce a statement of financial transaction or reportable account'. In 2003, the 'Annual Information Return (AIR)' was introduced under Section 285BA of the Income Tax Act. As a result, the Indian government has launched a number of steps to combat such actions. The accumulation of black money poses a huge threat to the Indian economy. ITR U – What is ITR-U Form and How to File ITR-U.Income Tax Raid, Search and Seizure – What, When, How.UAN Login, Portal Registration, Universal Account Number Activation & Status Check.Which ITR Should I File? Types of ITR Forms for FY 2021-22, AY 2022-23 – All ITR Forms.How to file ITR Online – Step by Step Guide to Efile Income Tax Return, FY 2021-22 (AY 2022-23).Budget 2023: Full List of Cheaper and Costlier Items.Budget 2022 Highlights: PDF Download, Key Takeaways, Important Points.Budget 2023 Expectations For Income Tax: 80C & 80D Limit Increase, Tax Slab Changes For Salaried Employees.Budget 2023 Highlights: PDF Download, Key Takeaways, Important Points. ![]()
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