A Pvt Ltd Co converted Directors Loans into Equity Share Capital of more than Rs. 10Lakhs during FY20-21. But such Directors Loan was received in Company during FY18-19 and FY19-20. Whether such transaction to be reported in SFT-08?
Note: SFT-08 says to report receipt from any person of an amount aggregating to Rs.10 lakh or more in a FY.
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