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
« Top Headlines »
 Know your tax exemptions to invest wisely
 What happens when you file the wrong ITR form
 Tax-saving guide for FY 2019-20
 Filing ITR for AY 2020-21? Here're the changes you need to know
 NRIs can’t use ITR-1 to file tax returns
 CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21
 New ITR-1 form: Know the eligibility norms
 How the income tax department will track high spenders with new ITR forms
 Best ELSS or tax saving mutual funds to invest in 2020
 Top 5 tax saving tips to help you save more tax in 2020
 6 key changes in ITR-1 you need to know ITR filing

Tax department extends date for filing SFT by banks, MFs till June 30
June, 01st 2017

The Income Tax department today extended the date for filing the Statement of Financial Transaction (SFT) report by banks, mutual funds and financial institutions by a month to June 30.

The Central Board of Direct Taxes (CBDT) received representations for extension of the date on account of the "teething problems and the volume of data to be compiled", the finance ministry said in a statement.

"In view of these representations and in order to remove inconvenience and to facilitate ease of compliance, the CBDT, have extended the due date of furnishing of the SFT in respect of specified financial transactions registered during Financial Year 2016-17, from May 31, 2017 to June 30, 2017," the statement said.

CBDT had last week asked the entities required to furnish SFT under 114E of Income Tax Rules to register with the I-T department and generate Income Tax Reporting Entity Identification Number (ITDREIN).

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