SFT-500

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This discussion clarifies that SFT-005 transactions appearing in Form 26AS relate to new term deposits exceeding ₹10,00,000 opened during a specific financial year with banks or post offices. It's important to note that renewals of existing term deposits are not included. Banks report this information directly to the IT authorities, making it visible in your Form 26AS.

SAMIR CHOWDHURY

SAMIR CHOWDHURY (Querist)

10 July 2021 In my 26AS I find some SFT-005 transaction mentioned in part E. Is this transaction related to that done in a FY. Is this related to FD opened in the concerned FY only. Where from can I get the details of the aggregation as filed in my case by SBI. I have a joint a/c with my husband.
Regards,
Sanghita Chowdhury.

Deepa B

Deepa B (Expert)

12 July 2021 SFT-005 is pertaining to term deposits created during a particular financial year with the banks/ Post offices/co-operative banks in excess of Rs.10,00,000/-. It doesn't include information of renewal of pre-existing term deposits. The said information is reported by banks to the IT authorities which is made available in assessees' form 26AS and no where else.

SAMIR CHOWDHURY

SAMIR CHOWDHURY (Querist)

14 July 2021 Thank you for your information.

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