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SFT in 26AS

CA Aspirant (CA) (177 Points)

07 August 2020

26AS is showing SFT 005 what should i do for this?

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2 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 07 August 2020

Code SFT- 005 is relating to 'Time deposit' made by you.

One or more time deposits (other than a time deposit made through renewal of another time deposit) of a person aggregating to ten lakh rupees or more in a financial year than it's reported by bank to IT department.

Verify that with your transaction. It's match with your books..it's relating to you or not.

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sundeep (Sr pr mgr) (177 Points)
Replied 07 August 2020

In my, case SFT005 is not tallying with my bank passbook. But the bank is not responding (from Delhi.). what should I do and how? what is the action that I need to take while filing my ITR3