Special Financial Transaction (SFT) Reporting Parameters Under Income Tax Act

CA SHARWAN
February 3, 2021February 3, 2021
INCOME TAX

SFT is also known as Special Financial Transaction which is a report of specified financial transactions by specified persons including prescribed reporting financial institution. Such specified persons who register, maintain such specified financial transaction are under a mandate to submit SFT to the income tax authority or such other specified authority or agency. Income Tax Department is broadening its scope of disclosers and reporting day by day, there are some… Read More »Special Financial Transaction (SFT) Reporting Parameters Under Income Tax Act

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