SFT high value Transcation

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This discussion clarifies whether high-value Fixed Deposit (FD) transactions, such as a new FD of Rs. 500,000 and a renewal of Rs. 850,000, will be reflected in the SFT (Specified Financial Transactions) column of Form 26AS. While new FDs above a certain threshold are reported, it's noted that FD renewals might not appear. Further clarification is sought regarding the reporting threshold for new FDs versus the Rs. 10 lakh limit.

Amandeep Singh

Amandeep Singh (Querist)
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01 September 2021 Dear Sir

Please advise I have made FD in RS.500000/- in today and one FD Rs.850000/- will renewal in current month September. So these are high value transcation can it reflect in my 26AS SFT colum

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 September 2021 Yes, it will reflect in 26AS SFT column.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 September 2021 As the renewal of the old deposit will not get reflected, I doubt whether bank reports 5 Lakhs new FD transaction, when the limit specified is Rs. 10 lakhs.

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