REPORTING OF SPECIFIED FINANCIAL TRANSACTIONS (SFT) - BANKS etc.- REPORTING OF INTEREST PAID / CREDITED - NO MINIMUM LIMIT VIDE NOTIFICATION 1 OF 2023 05.01.23. even exempted interest paid/ credited will require reporting. Only Jan Dhan account will remain out of reporting.

REPORTING OF SPECIFIED FINANCIAL TRANSACTIONS (SFT) - BANKS etc.- REPORTING OF INTEREST PAID / CREDITED - NO MINIMUM LIMIT VIDE NOTIFICATION 1 OF 2023 05.01.23. even exempted interest paid/ credited will require reporting. Only Jan Dhan account will remain out of reporting. https://www.taxtmi.com/article/detailed?id=10971 The Annexure A remarks have been amended to require reporting of all accounts where any interest exceeds zero in the financial year, excluding Jan Dhan accounts, thereby abolishing the prior cumulative threshold; procedural guidance on aggregation by account type, assignment for joint accounts, reporting for minors, and treatment of previously exempt interest remains applicable. en-us Wed, 11 Jan 2023 10:00:40 +0530 Wed, 11 Jan 2023 10:00:40 +0530 TaxTMI RSS Generator REPORTING OF SPECIFIED FINANCIAL TRANSACTIONS (SFT) - BANKS etc.- REPORTING OF INTEREST PAID / CREDITED - NO MINIMUM LIMIT VIDE NOTIFICATION 1 OF 2023 05.01.23. even exempted interest paid/ credited will require reporting. Only Jan Dhan account will remain out of reporting. https://www.taxtmi.com/article/detailed?id=10971 The Annexure A remarks have been amended to require reporting of all accounts where any interest exceeds zero in the financial year, excluding Jan Dhan accounts, thereby abolishing the prior cumulative threshold; procedural guidance on aggregation by account type, assignment for joint accounts, reporting for minors, and treatment of previously exempt interest remains applicable. Articles Income Tax Wed, 11 Jan 2023 10:00:40 +0530 https://www.taxtmi.com/article/detailed?id=10971