Reporting of information relating to interest income - Format Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income (Abolishing of limit of Rs 5,000/-) - Addendum to Notification 2 of 2021. - 01/2023 - Income Tax
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Interest income reporting: all interest amounts per account must be reported for tax pre-filling, excluding Jan Dhan accounts. The addendum abolishes the prior monetary threshold and requires reporting persons to report interest information for every account or deposit holder where any interest accrues in the financial year, excluding Jan Dhan accounts, replacing the earlier cumulative-limit trigger and expanding reportable accounts for return pre-filling.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest income reporting: all interest amounts per account must be reported for tax pre-filling, excluding Jan Dhan accounts.
The addendum abolishes the prior monetary threshold and requires reporting persons to report interest information for every account or deposit holder where any interest accrues in the financial year, excluding Jan Dhan accounts, replacing the earlier cumulative-limit trigger and expanding reportable accounts for return pre-filling.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.