TaxTMI 
TaxTMI 
Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income
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....ued Notification No. 16/2021 dated 12.03.2021 to include reporting of information relating to dividend income. The new sub rule 5A of rule 114E specifies that the information shall be furnished in such form, at such frequency, and in such manner, as may be specified by the Director General of Income Tax (Systems), with the approval of the Board. 3. The guidelines for preparation and submission of Statement of Financial Transactions (SFT) information are enclosed in Annexure A and Annexure B respectively. The data structure and validation rules are enclosed in Annexure C and Annexure D respectively. Notification No. 3 of 2018 Dated 5.04.2018 may be referred for the procedure for registration. 4. Reporting entities are required to prepar....
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....layed in the Annual Information Statement (AIS) (Form 26AS). 8. In case, the reporting person/entity comes to know or discovers any inaccuracy in the information provided in the statement or the defects have been communicated to the reporting person/entity, it is required to remove the defects by submitting a correction/deletion statement. 9. The reporting person/entity is required to document and implement appropriate information security policies and procedures with clearly defined roles and responsibilities to ensure security of submitted information and related information/documents. The reporting person/entity is also required to document and implement appropriate archival and retrieval policies and procedures with clearly defined ....
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....5. In case Reporting Entity needs to modify uploaded data, Correction Statement is required to be filed. In the Correction Statement, only those reports should be uploaded in which correction is required. Statement ID of the original Statement which is being corrected should be selected while uploading. The Report Serial Number (RSN) along with Original Statement ID will uniquely identify the report which is being corrected. If the correction statement is successfully accepted, the reports in the earlier statement will be marked as inactive and the newly uploaded report will be active. 6. In case Reporting Entity needs to delete uploaded data, Deletion Statement is required to be filed. In the Deletion Statement, only those reports should....
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....orts. Annexure D Validation Rules Upload Level Validations Upload level validation would be done to ascertain that the correct file is being uploaded. The file would be rejected at the upload stage if it does not clear the upload level validations. # Validation Error Message 1. File should not be more than prescribed size File is more than prescribed size (refer User Guide). Please split the file. 2. File name should not have been uploaded earlier (Only for original statement) The file name has already been uploaded earlier. 3. File Name is not in the specified format File Name is not in the specified format. Name of File prepared by the utility should not be modified manually. 4. The entered Statement....
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....ing portal 8. Signature Expired Signature Expired. Please upload the updated digital signature certificate on the Reporting portal as the existing certificate is expired. 9. Failed Threat Scan Failed Threat Scan. Please scan the file for threats and viruses. Remove all detected threats and viruses prior to encryption. 10. Failed Virus scan Failed Virus scan. Please scan the file for threats and viruses. Remove all detected threats and viruses prior to encryption. 11. RSN should not be blank (mandatory field) RSN is blank in XX reports 12. RSN length should not be more than 10 RSN length is more than 10 in XX reports 13. RSN field should not contain nonnumeric value. Value in RSN field is nonnumeric in XX ....
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....ld is nonnumeric in XX reports 29. eMail length should not exceed 100 character eMail length exceeds 100 character in XX reports 30. Mobile length should not exceed 20 Mobile length exceeds 20 in XX reports 31. Mobile Number should not be in exponential (scientific) format. Mobile Number is in exponential (scientific) format in XX reports. 32. Dividend field should not be blank (mandatory field) Dividend is blank in XX reports 33. Dividend field should not contain Non-numeric value. Value in Dividend field is nonnumeric in XX reports 34. Dividend length should not exceed 15 digits Dividend length exceeds 15 digits in XX reports 35. Dividend should not be in exponential (scientific) format. Dividend ....