banner_ad

SFT Transactions -need clarification

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 October 2021

In his 26AS foll. Transaction found - SFT-011 Purchase of Foreign Currency He is taken an education loan for his son for study abroad??
His total taxable income is below Rs.500000/- and no any tax is payable. How to shown the above transaction in ITR 4 form??

Request to all, let me clarify on a priority basis.

Thanks in advance Regards,

Read more at: https://www.caclubindia.com/experts/how-to-shown-in-itr-4-for-sft-011-pur-of-forgn-curr-in-26as-2812034.asp
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
28 October 2021 As such the transaction gets reflected in personal expenditure or capital account, and nowhere in income to be assessed.
So, check the source of capital for the purchase of foreign funds. If required keep your capital account ready for any query.
Otherwise, file your return as usually, declaring your total income. This transaction will not get reflected in ITR, unless you need to file your BS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details