Procedure for Acceptance of Statement of Financial Transactions from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-tax Act. 1961 read with Rule 114E of Income-tax-Rules 1962 - 7/2017 - Income Tax Act, 1961
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Statement of Financial Transactions submission must use electronic media with temporary receipt and electronic validation. The procedure requires filers to submit Form 61A as an XML file on computer media plus a duly signed physical control sheet at a TIN Facilitation Centre, which issues a temporary receipt. The XML is validated by NSDL e Gov and, after validation, a provisional receipt or non acceptance memo is emailed to the address on the temporary receipt. Principal DGIT (Systems) prescribes data structures, security, archival and retrieval standards; select officers may submit on CD/DVD with paper verification in Form V.
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Statement of Financial Transactions submission must use electronic media with temporary receipt and electronic validation.
The procedure requires filers to submit Form 61A as an XML file on computer media plus a duly signed physical control sheet at a TIN Facilitation Centre, which issues a temporary receipt. The XML is validated by NSDL e Gov and, after validation, a provisional receipt or non acceptance memo is emailed to the address on the temporary receipt. Principal DGIT (Systems) prescribes data structures, security, archival and retrieval standards; select officers may submit on CD/DVD with paper verification in Form V.
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