TaxTMI 
TaxTMI 
SIR/MADAM,
HOW TO SHOW ENTRIES FOR PURCHASE OF IMMOVABLE PROPERTY (SFT-012) IN SFT
SFT PURCHASE OF IMMOVABLE PROPERTY
PUSHPAMALA RAO
Understanding SFT-012: Recording Immovable Property Purchases under Section 285 BA & Rule 114 E, linked to Form 61 A. A forum participant inquired about recording entries for the purchase of immovable property under SFT-012. One respondent asked for clarification on the meaning of SFT, while another explained that SFT refers to the Statement of Financial Transactions under Section 285 BA of the Income Tax Act and Rule 114 E, linked to Form 61 A. A third respondent offered further assistance on the topic, inviting direct contact for detailed information. (AI Summary)