TaxTMI 
TaxTMI 
Procedure and Guidelines for submission of Statement of Financial Transactions (SFT-2518) for Mutual Fund Transactions under section 508(1) of the Income-tax Act, 2025 read with sub-rule 6 of rule 237 of the Income-tax Rules, 2026 by Registrar and Share Transfer Agent
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....ion under section 508(1) containing information relating to capital gains on transfer of units of Mutual Funds shall be furnished by the class of person (reporting person) mentioned in column 4 of sl. no. 1 of the Table under the said rule in such Form, at such frequency, and in such manner, as may be specified by the Principal Director General of Income Tax (Systems) or the Director General of Income Tax (Systems), as the case may be, with the approval of the Board. 3. In exercise of the powers conferred under sub-rule 6 of rule 237, the DGIT(S) hereby specifies the guidelines for preparation and submission of statement of financial transaction (SFT), which are enclosed as Annexure A and Annexure B respectively. The format of control statement to be submitted by the Designated Director is enclosed as Annexure C. The data structure and validation rules are enclosed as Annexure D and Annexure E respectively. 4. All Registrar and Share Transfer Agents registered under section 12(1) of the Securities and Exchange Board of India Act, 1992 (15 of 1992) are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit t....
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....In case of a minor, details of legal or natural guardian (PAN, Name etc.) may be provided. 4. Data with respect to exchange traded funds and exchange-based transactions, may not be provided. 5. The Estimated Sale Consideration for the debit transaction should be determined on the best possible available price of the asset with the RTA. In case the sale consideration related to a sale/transfer is not available, Redemption Offer Price (Exit Load adjusted NAV) on the date of sale/transfer may be taken. The taxpayer will be able to modify the sales consideration before filing the return. 6. The securities should be classified into specified security class for determining the type of asset (short term/long term) and applicable rate. 7. The period of holding (difference between date of sale and date of acquisition of any security) should be used to classify the asset as short term or long-term asset. First in First out (FIFO) method should be used for identification of corresponding purchases and computation of period of holding. Any capital asset held by the taxpayer for a period of more than minimum period of holding will be treated as long-term capi....
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....ed in the RTA system should be reported in Mutual Funds Off-Market Transactions (MF_OFF_TRN.TXT) Annexure B Guidelines for Submission of Statement of Financial Transactions (SFT) 1. Reporting entities are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit the data files using SFTP Server using the login credentials (communicated separately). A separate control statement (refer Annexure C) is required to be signed, verified and furnished by the Designated Director. 2. Any file which does not meet the validation requirements will be rejected. 3. In case Reporting Entity needs to modify uploaded data, Correction Statement is required to be filed. In the Correction Statement, only those records should be uploaded in which correction is required. In case Reporting Entity needs to delete uploaded data, Deletion request is required to be filed. Annexure C Control Statement for Mutual Fund Transactions (RTA) Number of Records Values A.1 Reporting Entity Name A.2 ITDREIN A.3 ....
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.... case the Statement is new and unrelated to any previous Statement, mention '0' here. 7. Reason for Correction Y VARCHAR (1) Reason for revision to be stated when the original Statement is corrected. (Refer Permissible values) 8. Statement Date Y DATE Statement Date DD- MM-YYYY 9. Reporting Period Start Date Y DATE First day of the reporting period DD-MM-YYYY 10. Reporting Period End Date Y DATE Last day of the reporting period DD-MM-YYYY 11. Principal Officer Name Y VARCHAR (150) 12. Principal Officer Designation Y VARCHAR (150) 13. Principal Officer Address Y VARCHAR (500) 14. Principal Officer Mobile Y VARCHAR (15) 15. Principal Officer Email Y VARCHAR (50) D.2. Mutual Fund Account Summary (MF_ACC_SUMM.TXT) This file contains details of a person and summary values of the financial transactions for the reporting period. # Field Mandatory Format Remarks 1. Sequence Number Y DECIMAL (18,0) Running sequence number for each line in the file. This num....
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....D-MM-YYYY 25. Third Holder PAN N VARCHAR (10) Mandatory if Joint holding exists. Mention PANNOTAVBL if no PAN is available. 26. Third Holder Name N VARCHAR (250) Mandatory if Joint holding exists 27. Third Holder DOB N DATE Third Holder's DOB/DOI in DD-MM-YYYY 28. Opening Value Y DECIMAL (18,2) Value of Holding as on first day of reporting period 29. Purchase Value Y DECIMAL (18,2) Sum of purchase cost (net of transaction charges and stamp duty) during reporting period 30. Transaction Charges Y DECIMAL (18,2) Sum of transaction charges during reporting period 31. Stamp Duty Y DECIMAL (18,2) Sum of stamp duty during reporting period 32. Sale Value Y DECIMAL (18,2) Sum of Value of Units Sold (including TDS and excluding STT and Exit Load) during reporting period 33. STT Y DECIMAL (18,2) Sum of STT during reporting period 34. Dividend Paid Y DECIMAL (18,2) Sum of dividend received (inclusive of TDS) during ....
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.... FMV per unit as on 31.01.2018. Refer Guidelines 20. Total FMV Y DECIMAL (18,2) Total FMV as on 31.01.2018. 21. Adjusted FMV N DECIMAL (18,2) If the long-term capital asset was acquired before 01.02.2018, Lower of Sale Consideration and Total FMV. 22. Adjusted COA N DECIMAL (18,2) Cost of acquisition without indexation (higher of COA and Adjusted FMV) 23. Indexed COA N DECIMAL (18,2) Wherever applicable 24. STT Y DECIMAL (18,2) STT Note: Refer Guidelines for preparation of SFT for more details D.4. Mutual Funds Off-Market Transaction (MF_OFF_TRN.TXT) This file shall contain details of Mutual Fund off-market transactions recorded for a person/client during the year. # Field Mandator y Format Remarks 1. Sequence Number Y DECIMAL (18,0) Running sequence number for each line in the file. 2. Financial Year Y VARCHAR (4) 3. Reporting Period Y DATE Last day of the reporting period DD-MM-YYYY 4. Tr....
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....rmation being submitted 4. N Not applicable as this is a new statement/test data/ there is no data to report 5. Z Other reason Permissible Values - Security Class Code # Security Class Code Description 1. EMF Unit of Equity Oriented Mutual Fund 2. UTI Unit of UTI 3. OTU Other Units Permissible Values - Transaction Reason # Reason Code Reason Description 1. TRD Transmission (change in holding in event of death of a holder) 2. OTH Other 3. ZZZ Not Specified Permissible Values - State code # State/Union Territories Code 1. Andaman and Nicobar AN 2. Andhra Pradesh AP 3. Arunachal Pradesh AR 4. Assam AS 5. Bihar BR 6. Chandigarh CH 7. Dadra and Nagar Haveli and Daman and Diu DD 8. Delhi DL 9. Goa GA 10. Gujarat GJ 11. Haryana HR 12. Himachal Pradesh HP 13. Jammu and Kashmir JK 14. Karnataka KA 15. ....