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<h1>CBDT Extends SFT Filing Deadline for FY 2016-17 to June 30, 2017, u/s 285BA and Rule 114E.</h1> The Central Board of Direct Taxes (CBDT) has extended the deadline for submitting the Statement of Financial Transaction (SFT) for the financial year 2016-17 from May 31, 2017, to June 30, 2017. This extension comes after receiving requests due to initial challenges and the large volume of data involved. The decision aims to alleviate inconvenience and ensure easier compliance for those required to file under Section 285BA of the Income-tax Act, 1961, and Rule 114E of the Income-tax Rules, 1962.
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