Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income

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.... 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 prepare the data file in prescribed format from their internal system. An excel based report preparation utility has also been provided to assist small reporting entities in preparing data file. The data files prepared by internal system/report preparation utility should be validated using Text File Validator/Submission Utility. After validation, the text file is required to be compressed, encrypted and signed using the Text File Submission Utility before uploading on the reporting portal (https://report.insight.gov.in/). Reporting entities, having large number of data files, can also submit the data files using SFTP Server (specific request may be made for SFTP upload). 5.  The statement of financial transactions shall be....

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.... during the financial year. 2. One report would include details of dividend payment to one person. 3. Dividend will be the total amount of dividend distributed during the financial year. Annexure B Guidelines for Submission of Statement of Financial Transactions (SFT) 1. Any file which does not meet the validation requirements will be rejected. 2. After upload each upload file will be given unique Statement ID. 3. The file upload status will be as below: • Uploaded File- uploaded and pending for processing. • Accepted File - accepted after processing. • Rejected File - rejected after processing. 4. In case of any error, complete file will be rejected and the rejection reason(s) can be viewed by clicking Rejected link under status column. User need to correct the relevant error(s) and upload the file again. 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 cor....

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....t. There should not be any blank row(s) between reports. 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 ID should be available (For Correction/ Deletion) The entered Statement ID is not available. Please provide Statement ID generated for original file to submit correction/ deletion.  5.  ITDREIN in the file name sho....

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....c in XX reports 14. RSN should not be in exponential (scientific) format. RSN is in exponential (scientific) format in XX reports. 15. Duplicate RSN in file Duplicate RSN in XX reports. 16. FY length should be 4 FY length is not 4 in XX reports 17. FY field should not contain nonnumeric value. Value in FY field is nonnumeric in XX reports 18. FY mentioned against each report should match with FY selected on upload screen. The FY selected on upload screen is not matching with FY mentioned against XX reports. 19. Name field should not be blank (mandatory field) Name is blank in XX reports 20. Name length should not exceed 150 character Name length exceeds 150 character in XX reports 21. PAN length should be 10 PAN length is not 10 in XX reports. Mention PANNOTAVBL if PAN is not available 22. Duplicate PAN in file Duplicate PAN in XX reports. 23. Aadhaar length should not exceed 15 character Aadhaar length exceeds 15 ch....