List Of High-Value Transactions Under New Section 508: Starting From April 2026

Mitali , Last updated: 24 February 2026 Share Follow on Google News

The IT Department has updated new high-value transaction reporting rules via SFT under new Section 508 of the Income Tax Act by replacing the previous Section 285BA. Banks and many other institutions such as post offices, companies, registrars, insurance firms, NBFCs (Non-Banking Financial Companie

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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