11 November 2022
Section 285BA of the Income Tax Act, read with rule 114E of the Income Tax Rules, specifies that who register, maintain or record any specified financial transactions are required to furnish such SFT in Form No. 61A. If no such transactions are recorded in any such period It is the not mandatory to file NIL statement of Financial Transaction (Form 61A). However, an assessee has to file preliminary response.
11 November 2022
our company has issued shares more than Rs.10 lakh, i think it would be applicable in that case. now i want to know that the due date for filing the same.
11 November 2022
Statement of Financial Transactions needs to be furnished within 31st May of next year for every previous financial year where the transaction occurs.
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