TaxTMI 
TaxTMI 
Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT-2517) for Depository 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
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....ns on transfer of listed securities or 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 Depositories as defined in section 2(1)(e) of the Depositories Act, 1996 (22 of 1996) 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). 5. A separ....
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....transaction should be determined based on Weighted Average Price i.e., taking into actual value of the transaction executed. The taxpayer will be able to modify the sales consideration before filing the return. 4. The securities should be classified into specified security class for determining the type of asset (short term/long term) and applicable rate. 5. The period of holding (difference between date of sale and date of acquisition of any share/security in the demat account) 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 credit in demat account 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 capital asset and remaining assets will be classified as short-term asset. The specified minimum period of holding for different asset class is as under: Security Class Code Security Class Description Minimum Period of Holding Remarks LES Listed Equity Share 12 months - LPS Listed Preference Share 12 months - LDB List....
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....rate Action or for any transaction through other than Exchange. IPO credit will be treated as Market credit and cost of the acquisition of the same will be arrived using the formula i.e. number of shares allotted x per unit price at which share is allotted. The taxpayer will be able to modify the cost of acquisition before filing the return. 7. In relation to a long-term capital asset, being an equity share in a company or a unit of an equity-oriented fund or a unit of a business trust referred to in section 198, acquired before the 1st day of February, 2018, cost of acquisition shall be, subject to sub-section 9(a) and (b) of section 90 of Income-tax Act, 2025, higher of (i) the cost of acquisition of such asset; and (ii) lower of (A) the fair market value of such asset as on 31st January, 2018; and (B) the full value of consideration received or accruing as a result of the transfer of the capital asset. In a case where the capital asset is listed on any recognized stock exchange as on the 31st day of January, 2018, "fair market value" means the highest price of the capital asset quoted on such exchange on the said date. If there is no trading in such asset on such exchange on ....
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....sp; Number of Records B.1 Depository Batch File (DEP_BATCH.TXT) B.2 Depository Account Summary (DEP_ACC_SUMM.TXT) B.3 Depository Transaction Summary (DEP_TRN_SUMM.TXT) B.4 Depository Off-Market Transaction (DEP_OFF_TRN.TXT) Sum of Key Values in Rs. (Refer Depository Account Summary) C.1 Opening Value C.2 Market Credits C.3 Market Debits C.4 Off-Market Credits C.5 Off-Market Debits C.6 IPO Credits C.7 Corporate Action Credits C.8 Corporate Action Debits C.9 Dematerialized Credits C.10 Rematerialized Debits C.11 Pledge Invocation Credits C.12 Pledge Invocation Debits C.13 Closing Value I, declare that to the best of my knowledge and belief, the information given in the data files is correct and complete and is in accordance with the provisions of the Income-tax Act, 2025. Name_________________ Designation_________________ Annexure D Data Structure The inform....
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....le transaction was recorded-YYYY 3. Reporting Period Y DATE Last day of the reporting period DD-MM-YYYY 4. DP ID Y VARCHAR (8) First part of Demat Account Number 5. Client ID Y VARCHAR (8) Second part of Demat Account Number 6. DP Name Y VARCHAR (100) Depository Participant's Name 7. Client PAN Y VARCHAR (10) First Holder's PAN. Mention PANNOTAVBL if no PAN is available. 8. Client Name Y VARCHAR (250) First Holder's name 9. Client Type Y VARCHAR (1) R - Resident N- Non-resident F - FII Z - Not Classified 10. Client Status Y VARCHAR (1) M -Minor O - Other X- Not Classified 11. Guardian Name N VARCHAR(250) Mandatory if Client Status is 'Minor' 12. Guardian PAN N VARCHAR(10) Mandatory if Client Status is 'Minor'. Mention PANNOTAVBL if no PAN is available. 13. Client Aadhaar N VARCHAR (12) First Holder's Aadhaar 14. Client DOB N DATE First Holder's DOB/DOI in DD-MM-YYYY 15. Client Address Y VARCHAR (500) First Holder's Address 16. Cli....
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....e Invocation Debits Y DECIMAL (18,2) Sum of value debited on account of Pledge Invocation during reporting period 40. Closing Value Y DECIMAL (18,2) Total Value of Holding as on the last day of reporting period Note: Refer Guidelines for preparation of SFT for more details D.3. Depository Transaction Summary (DEP_TRN_SUMM.TXT) This file shall contain details of security level transaction summary in respect of sales/debits during the reporting period. # Field Name Mandatory Format Remarks 1. Sequence Number Y DECIMAL (18,0) Running sequence number for each line in the file. 2. Financial Year Y VARCHAR (4) FY in which sale transaction was recorded-YYYY 3. Reporting Period Y DATE Last day of the reporting period DD- MM-YYYY 4. DP ID Y VARCHAR (8) First part of Demat Account Number 5. Client ID Y VARCHAR (8) Second part of Demat Account Number 6. Client PAN Y VARCHAR (10) PAN Validation will be done during data loading 7. Client Name Y VARCHAR (250) First Holder's name 8. Security Class Code Y VARCHAR (3) Refer Permi....
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.... (8) 7. Transferor DP Name Y VARCHAR (100) Depository Participant's Name 8. Transferor PAN Y VARCHAR (10) Mention PANNOTAVBL if no PAN is available. 9. Transferor Name Y VARCHAR (250) First Holder's name 10. Transferee DP ID Y VARCHAR (8) 11. Transferee Client ID Y VARCHAR (8) 12. Transferee DP Name Y VARCHAR (100) 13. Transferee PAN Y VARCHAR (10) 14. Transferee Name Y VARCHAR (250) 15. Security Class Code VARCHAR (3) Refer Permissible values 16. Security Code Y VARCHAR (12) Unique Security Code (e.g. ISIN) 17. Security Name Y VARCHAR (200) Name of Security 18. Quantity transferred Y DECIMAL (18,3) 19. Reported Consideration N DECIMAL (18,2) Consideration reported during transfer 20. EOD Price per unit Y DECIMAL (18,2) Per Unit End of day price 21. EOD Value Y DECIMAL (18,2) Estimated Transaction Value (End of day price) 22. Reason code Y VARCHAR (3) Reason Code. Refer permissibl....
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.... ONS On-market Sale (Transfer towards Pay-in) 19. OOA Open Offer for Acquisition 20. OOB Open Offer/Buy-back 21. ORD Implementation of Govt./Regulatory Direction/Orders 22. OWN Transfer to own account 23. PAY Payout - On payments for unpaid securities 24. PRT Transfer between Partner and Firm, Director and Company 25. RED Redemption of Mutual Fund Units 26. REF Refund of securities by IEPF Authority 27. TPM Transfers to PMS account 28. TRP Transposition - Between joint account of same holders 29. OTH Other 30. ZZZ Not Specified 31. TLH Transmission to Legal Heirs 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. Keralam KL 16....