Here is ready-reckoner I came across.
Sampath Kumar
(9 Points)
Replied 24 May 2017
Here is ready-reckoner I came across.
nidhi
(c a practitioner)
(68 Points)
Replied 25 May 2017
fROM TODAY u can file option NO in preliminary response without generating ITDREIN
nidhi
(c a practitioner)
(68 Points)
Replied 25 May 2017
Now submit NO without generating ITDREIN in preliminary response sheet
nidhi
(c a practitioner)
(68 Points)
Replied 25 May 2017
No needed anymore to generate ITDREIN for option NO under preliminary response
nidhi
(c a practitioner)
(68 Points)
Replied 25 May 2017
I have a question that if there are 11 sales invoices of 20,000/- each to ONE PERSON IE SALES RS.2.20 lacs and i have received cash against each of them SEPERATELY ON DIFFERENT DATES then is SFT-13 applicable if a person is covered u/s 44AB
SURANA
(PROPRIETOR)
(515 Points)
Replied 25 May 2017
Since there has been some changes recently ... so i checked my old response and now i can see NIL TRANSACTION in SFT 013, where i had selected NO while filing..
So the Selection NO is replaces by NIL TRANSACTION.
Maybe some more changes expected :) and extention of the Due date too ;)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160579 Points)
Replied 25 May 2017
| Originally posted by : nidhi | ||
 |
I have a question that if there are 11 sales invoices of 20,000/- each to ONE PERSON IE SALES RS.2.20 lacs and i have received cash against each of them SEPERATELY ON DIFFERENT DATES then is SFT-13 applicable if a person is covered u/s 44AB |  |
Theoretically Not applicable. But if all the 10/11 sales invoice are of same date, then that may create trouble.
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 25 May 2017
New Changes in perliminary response
Shams
(Consultant)
(157 Points)
Replied 26 May 2017
Option NO has been changed to NIL TRANSACTIONS in SFT preliminary report.
Register Experts
(CA)
(82 Points)
Replied 26 May 2017
Statement of ‘high value financial transactions‘ is required to be furnished under section 285BA of the Income-tax Act, 1961 by ‘specified persons‘ in respect of ‘specified transactions‘ registered or recorded by them during the financial year. The ‘specified persons’ and the ‘specified transactions’ are listed in new Rule 114E of the Income-tax Rules, 1962. In case of individual i.e. Any person who is liable for audit under section 44AB of the Act: He has to report: Receipt of cash payment exceeding Rs. 2,00,000 for sale of goods or providing services of any nature other than those specified So, if the assessee has not received any cash as mentioned above, he should reply to the notice accordingly. Here in this mail it is clearly stated: You are requested to submit the "SFT Preliminary Response" under compliance section post login to eFiling portal.
Read more at: /forum/person-not-made-cash-sale-of-rs-2-lac-has-to-submit-61a--391120.asp
Chandravijay Shah
(CA)
(53 Points)
Replied 27 May 2017
Applies to every person and not only to Individuals.
priyam uapdhyay(ca final)
(Article Trainee)
(70 Points)
Replied 29 May 2017
in simple language
single bill =>2 lac+cash receipt against that bill is 2 lac or more then report in form 61a annually upto 31st may
this has to be seen per transanction in view of on of the notification issued by cbdt on dated in the month of oct 2016
-regards priyam upadhyay(ca final)
ANUSHA
(B.Com)
(32 Points)
Replied 30 May 2017
Dear sir,
If the assessee has not covered u/s44AB, then he has to file priliminary respone?
ANUSHA
(B.Com)
(32 Points)
Replied 30 May 2017
Dear sir,
If the assessee has not covered u/s44AB, then he has to file priliminary respone?
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