Form 61A


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Quick Summary
Form 61A requires companies to report certain investments exceeding Rs. 10 lakh in a financial year. The company issuing preference shares and receiving the investment amount is responsible for filing this form. Specific investor details needed can be found by consulting the latest version of Form 61A, as reporting requirements may change annually.

21 June 2020 Dear Sir,
My client received investments (Preference Share) amount of Rs. 1.15 crore.
As per form 61A, if an individual invests in share more than Rs 10,00,000/- in the financial year, is mandatory to file.
So what are the investors details required to file form 61A.

Punit Gupta (Expert)
21 June 2020 The Form 61A needs to be filed by the company issuing these shares and receiving the amount from the subscriber of the share, as under Rule 114E of Income Tax Act, the Reporting Person under this category shall be the company issuing such shares and receiving the amount.

Punit Gupta (Expert)
21 June 2020 And yes, the Threshold for reporting under Form 61A is Rs.10 Lakh in a Financial year.
For Form related specific details you shall browse the Form itself, as each year there are changes in the form for reporting.


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