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of <h1>New SFT Submission Rules u/s 285BA: Registration, ITDREIN, and Security Measures Effective April 9, 2018.</h1> The notification outlines the procedure for registration and submission of the Statement of Financial Transactions (SFT) as required by Section 285BA of the Income-tax Act, 1961, and Rule 114E of the Income-tax Rules, 1962. Reporting entities must furnish SFT in Form No. 61A via the Reporting Portal. The notification details the registration process, including obtaining an Income Tax Department Reporting Entity Identification Number (ITDREIN), designating a director, and submitting SFTs. It also covers correction statement procedures, deletion of reports, and security measures. The updated procedures replace those in Notification No. 1 of 2017, effective April 9, 2018.
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