Query on SFT 005 entry in 26 AS form FY2020

This query is : Resolved

roshn (Querist)
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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?

CA Raj Doshi

CA Raj Doshi (Expert)
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18 August 2020 Explanation required only If scrutiny proceedings initiated.

Message likes : 1 times

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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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

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