Statement of Financial Transactions (SFT) for Dividend income

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This discussion addresses whether the Statement of Financial Transactions (SFT) is applicable for dividend income during the Financial Year 2020-21. The consensus is that SFT is indeed required, even if Tax Deducted at Source (TDS) is applicable. Information related to dividend income must be furnished on or before the due date of 30 June 2021.

Chandrasekhar Reddy J

Chandrasekhar Reddy J (Querist)

28 May 2021 whether is its applicable for FY 2020-21 and required furnish information related to Dividend on or before due date i.e : 30-june 2021

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

29 May 2021 In view of TDS applicable SFT on dividend not required.

Message likes : 1 times

Chandrasekhar Reddy J

Chandrasekhar Reddy J (Querist)

29 May 2021 Sir, whether i needed to furnish SFT - 015 or not for FY 2020-21.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

29 May 2021 You need to furnish.
See the link for more information.

https://www.google.com/amp/s/taxguru.in/income-tax/format-procedure-guidelines-submission-statement-financial-transactions-sft-dividend-income.html%3famp

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