Query on SFT 005 entry in 26 AS form FY2020
This query is : Resolved
17 August 2020
Hi,
I got an SFT entry in 26 AS form for time deposits for FY2020. However I have not received any query on those transactions from IT department yet. My question is - Is there a provision to voluntarily give explanation on those items?
Is it required to give explanation now or only in case there is a query?
I got an SFT entry in 26 AS form for time deposits for FY2020. However I have not received any query on those transactions from IT department yet. My question is - Is there a provision to voluntarily give explanation on those items?
Is it required to give explanation now or only in case there is a query?
18 August 2020
Explanation required only If scrutiny proceedings initiated.
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1 times
19 July 2025
Is SFT-005 an issue? Not necessarily – it's just reported info
Action needed now? No, unless you receive a query
Should I give voluntary explanation? Not required unless asked
What should I do? Ensure ITR is correct; keep documentation ready
Action needed now? No, unless you receive a query
Should I give voluntary explanation? Not required unless asked
What should I do? Ensure ITR is correct; keep documentation ready
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