Sft preliminary response and form 61a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2017
Dear Sir,
My books of accounts audited since FY 2012-13, we have not made under 14Q of SFT Preliminary Response. Is there is required to file NIL Transaction or Not applicable under SFT Preliminary Response ? If we have not file, there is any penalty ? if yes, how much ?
Please guide me.
Dear Sir,
My books of accounts audited since FY 2012-13, we have not made under 14Q of SFT Preliminary Response. Is there is required to file NIL Transaction or Not applicable under SFT Preliminary Response ? If we have not file, there is any penalty ? if yes, how much ?
Please guide me.
27 May 2017
Quote form CBDT press release dated 26.5.2017 is
"A functionality “SFT Preliminary Response” has been provided on the e-Filing portal for the reporting persons to indicate that a specified transaction type is not reportable for the year".
Inference is SFT is mandatory, but form 61A has to be filed only if there is reportable transaction(s).
"A functionality “SFT Preliminary Response” has been provided on the e-Filing portal for the reporting persons to indicate that a specified transaction type is not reportable for the year".
Inference is SFT is mandatory, but form 61A has to be filed only if there is reportable transaction(s).
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