News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Direct Tax »
 Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
 CBDT notifies Norms to compute Remuneration by Eligible Fund Manager u/s 9A; Amends Rules
 CBDT notifies minimum fee for India based fund managers managing offshore funds
 CBDT notifies revised Form 26AS, to now include real estate, share transaction details
 Have investments in equity? Your spouse can help you save money
 CBIC clears Rs 11,052 crore GST refund claims since April 8
 CBDT exempts B2B Businesses from Mandatory Digital Payment Facility
 CBDT gives wholesalers relief on electronic payment norms
 TDS rate cut on salaries would have increased tax compliance burden: Official
 New lower TDS, TCS rates not applicable for these individuals
 Relief for Taxpayers! ITR filing deadline for FY19-20 extended to November 30

CBDT extends due date for furnishing Statement of Financial Transaction
June, 02nd 2017

The Central Board of Direct Taxes (CBDT) on Wednesday announced extension of the date of filing for Statement of Financial Transaction (SFT) under Section 285BA of the Income-tax Act, 1961, which requires furnishing under Rule 114E of the Income-tax Rules, 1962

The Central Board of Direct Taxes (CBDT) on Wednesday announced extension of the date of filing for Statement of financial transaction (SFT) under Section 285BA of the Income-tax Act, 1961, which requires furnishing under Rule 114E of the Income-tax Rules, 1962.

The due date for filing such SFT in Form 61A in respect of specified financial transactions registered or recorded during Financial Year 2016-17 was announced May 31st.

Representations were received in the CBDT requesting for extension of the date of filing of the said SFT on account of the teething problems and the volume of data to be compiled.

In view of these representations and in order to remove inconvenience and to facilitate ease of compliance, the CBDT, in exercise of powers conferred under section 119 of the Act, have extended the due date of furnishing of the SFT under Rule 114E of the IT Rules, read with sub-section of section 285BA of the Income Tax Act, 1961 in respect of specified financial transactions registered or recorded during Financial Year 2016-17, from May 31st to June 30th.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting