hi,
what does it mean SFT004 in 26AS amounted to Rs.80,000
pls explain
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 30 January 2021
SFT 004 means any cash deposited into account
rama krishnan
(12239 Points)
Replied 31 January 2021
SFT 004 code implies cash deposits made in accounts other than current accounts. but generally it'll be reported and have impact only if the aggregate cash deposits exceeds 10 lakhs
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 January 2021
It's not a big problem SFT 004 doesn't create any problems as it is reported by the financial institutions
Kapadia Pravin
(17259 Points)
Replied 31 January 2021
SFT- 004: Cash deposit in account other than current account (if more than Rs 10 lakh in a year). This includes deposits through bearer cheques.
May be an error by reporting entity as you have 80K only. Please re-check
May be an error by reporting entity as you have 80K only. Please re-check
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
