SPECIFIED FINANCIAL TRANSACTIONS

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TEDDU

TEDDU (Querist)
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11 November 2021 WHAT ARE SFTs? DO WE NEED TO DISCLOSE IT AS INCOME FROM OTHER SOURCES??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 November 2021 The following are specified financial transactions.
Sale, purchase or exchange of goods, right, property, or interest in any property.
Works contract.
Providing services.
Any investment made or expenditure incurred.
Accepting any deposit or taking any loan.

You need to disclose it in ITR at the applicable heads of income in case of earning of such income.

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