SPECIFIED FINANCIAL TRANSACTIONS
This query is : Resolved
11 November 2021
WHAT ARE SFTs? DO WE NEED TO DISCLOSE IT AS INCOME FROM OTHER SOURCES??
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Building tax payment deduction in rental Income
- Presumptive income under Income tax act 2025
- Clarification Required on Business Code for 44ADA
- Under construction property in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
