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.
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