Sft applicability in case of authorised money changer
This query is : Resolved
25 May 2018
Dear Sir / Ma'am,
In case of authorised person under FEMA, they have to report SFT transactions. In code SFT - 011 " Purchase of Foreign Currency" and in the nature and value of transactions to be reported are " Receipt from any person from sale of foreign currency in excess of Rs. 10 lakh.
The main heading and the transactions are contradictory. We have to report sale of foreign currency or purchase of foreign currency?
Please advise
In case of authorised person under FEMA, they have to report SFT transactions. In code SFT - 011 " Purchase of Foreign Currency" and in the nature and value of transactions to be reported are " Receipt from any person from sale of foreign currency in excess of Rs. 10 lakh.
The main heading and the transactions are contradictory. We have to report sale of foreign currency or purchase of foreign currency?
Please advise
26 May 2018
Sir, SFT 011 this for sale of foreign currency by an Authorised person. In SFT RGU all are mentioned like this Purchase of Mutual funds, Purchase of Bank Drafts etc.
26 May 2018
Thanks Sir,
Can you please tell me that how to create digital signature file that to be uploaded on new reporting portal for the SFT filling purpose. Some .crt file to create.
Please advise
Can you please tell me that how to create digital signature file that to be uploaded on new reporting portal for the SFT filling purpose. Some .crt file to create.
Please advise
28 May 2018
Dear sir, Kindly use Internet Explorer only for this purpose. Pin the required DSC in your system. Go to Internet options-content tab-click certificate option-click export option in the next screen then cllick next options on the following screen and finally browse option will be available - give a name for the dsc file and store it in a desired place and upload the same in SFT filing website.
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