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

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.