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<h1>New Guidelines for Reporting Dividend Income u/s 285BA: Submit SFT by May 31 with Secure Data Measures.</h1> The notification outlines the procedures and guidelines for submitting the Statement of Financial Transactions (SFT) for dividend income under Section 285BA of the Income Tax Act, 1961. Reporting entities must prepare and submit SFT data in a specified format by May 31 following the financial year of the transaction. The data should be validated, encrypted, and uploaded via the reporting portal. The guidelines include detailed instructions for data preparation, validation, and submission, along with security measures for data protection. Entities must also provide dividend information to taxpayers for reconciliation with their Annual Information Statement. Corrections and deletions can be made if inaccuracies are discovered.