My 26AS shows a negative -330000 for SFT 005 updated by the Banker. This is the first time I am seeing this, what does this mean and what does negative amount stands for. Also, is there any action I need to do while I file returns, pls suggest!
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 July 2021
Please contact to your bank
Mahesh Shah
(2308 Points)
Replied 23 July 2021
SFT 005 is high value transaction reported by banker on deposits. Contact banker who has shown negitive 005 SFT. if SFT is correctly shown in 26AS, then we don't have to take any action. It is simply report of high value transaction, generally ( above 10,00,000)
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 24 July 2021
It shows that you have made withdrawal of Rs.3.3 Lakhs from your bank account.
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