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SFT

Reporting of Special Financial Transaction (SFT)

To keep a watch on high-value transactions undertaken by the taxpayer, the Income-tax Law has framed the concept of statement of financial transaction or...

How to Register, Manage user profile and ITR filing Compliance Check on Income Tax Reporting Portal?

How to Register The Reporting Entities as per Section 285BA of the IT Act, 1961 must register themselves with the Income Tax Department (ITD) at...

How to edit Reporting Entity details and DSC Issues in Reporting Portal of Income Tax?

How to edit Reporting Entity details? The facility is provided to the Principal Officer of the Reporting Entity (RE) to view and update the Reporting...

How to prepare secured statement package on Income Tax Reporting Portal

Generic Submission Utility is a desktop utility that enables a user to prepare a secure statement package which is required for submitting the generated...

How to capture details of Person Based Report (Part B) for Form No. 61A

Report Generation and Validation Utility for Form 61A helps the Reporting Entity to report data for transactions exceeding a specific amount (as mentioned in...

How to Upload & View DQR Statement on ITD Reporting Portal

Statements generated by reporting entities using report generation and validation utilities can be uploaded on the reporting portal directly or through the submission utility. Upload...

How to submit Correction and Deletion Statement on ITD Reporting Portal?

Prepare and generate the Correction Statement XML If a statement submitted by reporting entity has defects/exceptions, system will prepare a Data Quality Report (DQR) for...

How to Download SFT xml?

The authorized person (designated director for Form No. 61B and Form No. 61A and principal officer for Form No. 61) of a reporting entity...

Income Tax : Address Update of the Reporting Entity on SFT Portal

The income tax department communicates with reporting entities using the address details provided by them on reporting portal. However, in a few cases the...

Statement of Financial Transactions (SFT)- Interest and Dividend

Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statements of financial transactions (SFT). For the...

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Taxclue
TaxClue Team

Taxclue is an online news portal for reporting all news, articles, judgments, Circulars, orders, and notifications relating to various corporate and tax laws in India. We use the tagline ‘Simplifying Laws’. Our mission is to Simplify the Laws and make people aware of their rights and duties in relation to tax matters in order to equip them to participate in nation-building.