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Code SFT- 011 mention in form 26 AS
how can I deal with SFT 011 transaction mention in form 26AS. this code states that "Purchase of foreign currency amount aggregate to 10 lakh or more during FY". It is pertinent to mention here that the assess try to send her son in foreign for study purpose and amount is 12,91,228. how can I deal with this for filing IT return for the AY 2020-2021
Replies (2)
No need to mention the same in ITR. only if any query comes than you have to disclose the sources from where it is received and the purpose
If she received some from her relatives as loan then such amount mention in unsecured loan or liability
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