SFT PURCHASE OF IMMOVABLE PROPERTY

[PUSHPAMALA RAO]

SIR/MADAM,

HOW TO SHOW ENTRIES FOR PURCHASE OF IMMOVABLE PROPERTY (SFT-012) IN SFT

[DR.MARIAPPAN GOVINDARAJAN]

What SFT means?

[KASTURI SETHI]

SFT stands for Statement of Financial Transactions under Section 285 BA of Income Tax Act read with Rule 114 E of Income Tax Rules, 1962Form 61 A also refers.

[Nishant Bahal]

Hello, you may contact me for in depth information on sft for immovable propert or in other words sft 012 code.

AI Summary

Statement of Financial Transactions requires SFT-012 reporting for immovable property purchases under income-tax reporting rules. Reporting obligations for purchases of immovable property fall within the Statement of Financial Transactions framework and are recorded under the SFT-012 reporting code; practitioners must map immovable property purchase entries to SFT-012 and comply with the prescribed form and rule-based reporting channels under the income-tax reporting regime.