screen shot of the ITD poratl , (compliace SFT Preliminary response )
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 20 May 2017
screen shot of the ITD poratl , (compliace SFT Preliminary response )
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 May 2017
@ Mr. Surana: May report to customer care:: to check if any alternative available !!
Ashim kr Ray
(social service)
(1695 Points)
Replied 20 May 2017
Select not applicable dnt select No option @ surana
Yes I guess we have to select No and generate ITDREIN with digital signature.
Is this applicable for those assessees who are doing tax audit for the first time in AY 2017-18 too? then it will not be fair as they might not have approached their tax practitioner yet.
is it applicable for assessees who were tax audits for AY 2016-17, but non audits in AY 2017-18?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 May 2017
@ CA Mayur Todmal: For reporting persons as 'Individuals/HUF having tax audit liability in previous year'; who have received the mail for submission of SFT under compliance, the option is applicable; but those who do not have any reporting transactions of cash sales of 2 lakhs or more in FY 2016-17, the option available for reporting is NO. The same is not accepted by the site without filing form 61a!!
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 May 2017
" Is this applicable for those assessees who are doing tax audit for the first time in AY 2017-18 too? then it will not be fair as they might not have approached their tax practitioner yet."...............No, because the cannot get any complience from department!!
"is it applicable for assessees who were tax audits for AY 2016-17, but non audits in AY 2017-18?"...........Yes, because of mail from the department............"Operation Clean Money" !!
SURANA
(PROPRIETOR)
(515 Points)
Replied 20 May 2017
Registration of ITDREIN is mandatory even for SFT Preliminary Response.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 20 May 2017
Originally posted by : Dhirajlal Rambhia | ||
@ CA Mayur Todmal: For reporting persons as 'Individuals/HUF having tax audit liability in previous year'; who have received the mail for submission of SFT under compliance, the option is applicable; but those who do not have any reporting transactions of cash sales of 2 lakhs or more in FY 2016-17, the option available for reporting is NO. The same is not accepted by the site without filing form 61a!! |
Dear Sir, I am not understanding whether pre-liminary response is applicable to all asseessee , even if no cash transactions took place. As "CA Rajan Raichura " is saying it is applicable but no source.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 20 May 2017
Originally posted by : Dhirajlal Rambhia | ||
@ CA Mayur Todmal: For reporting persons as 'Individuals/HUF having tax audit liability in previous year'; who have received the mail for submission of SFT under compliance, the option is applicable; but those who do not have any reporting transactions of cash sales of 2 lakhs or more in FY 2016-17, the option available for reporting is NO. The same is not accepted by the site without filing form 61a!! |
Sir,
it menas any way all assessee under tax audit need to file form 61a. Please clear if im wrong. Really confusing
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 May 2017
Finally, It is to accept that there is no other alternative provided by system (for time being), but to report the SFT under complience by generating ITDREIN and submitting form 61a, by performing all that formalities ...............applicable to all those who have received the SFT complience mail from the department!!!
(Even though there may not be any single transaction REPORTABLE) !!!!!!!!!!!!!!!!!!!!!
Ashim kr Ray
(social service)
(1695 Points)
Replied 20 May 2017
Sir,
In compliance by selecting in STF 13, Not applicable option we can submitted,without generating ITDREIN i think.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 20 May 2017
Originally posted by : Ashim kr Ray | ||
Sir, In compliance by selecting in STF 13, Not applicable option we can submitted,without generating ITDREIN i think. |
But, to Tax audit assessee , you can not say SFT 0-13 not applicable
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 May 2017
" In compliance by selecting in STF 13, Not applicable option we can submitted,without generating ITDREIN i think."
No; that will be mis-reporting under law. Rather than that you may not report at all, that may not attract any penalty (at first stage, because no reportable trasaction), but mis-reporting can attract penalty.
SURANA
(PROPRIETOR)
(515 Points)
Replied 20 May 2017
SFT 13 is applicable for person under Tax Audit... so selecting NOT APPLICABLE would be wrong i think...
We can say it is applicable but there are no transaction .. so selecting NO would be approciate...
Cant try NOT APPLICABLE just to file the response.. since dont know the step ahead and dont know if we can change the response option once filed...