SFT PURCHASE OF IMMOVABLE PROPERTY

[PUSHPAMALA RAO]

SIR/MADAM,

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

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.