Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New Guidelines for Submitting Financial Transaction Statements: Section 285BA and Rule 114E Compliance for Sub-Registrar and Post Offices.</h1> The notification outlines the procedure for the acceptance of Statements of Financial Transactions (SFT) from Sub-Registrar Offices and Post Offices as per Section 285BA of the Income-tax Act, 1961, and Rule 114E of the Income-tax Rules, 1962. It mandates specified reporting persons to submit SFT in Form No. 61A through online transmission or computer-readable media. The Principal Director General of Income-tax (Systems) specifies procedures for secure data capture and transmission. The filer must submit Form 61A in XML format with a signed control sheet at TIN-FC for acceptance, and a temporary receipt will be issued, followed by validation and receipt confirmation via email.