FORM 26AS income tax

Hello everyone,
I have downloaded form 26AS of one of my client... where I found data regarding
1. transaction type - SFT-005
2. Amount - 2000000
3. Mode - mixed.

Please let me know, what to do with this.
Replies (4)
Quick Summary
This discussion addresses queries regarding Form 26AS, specifically focusing on 'SFT-005' transaction types related to time deposits. It clarifies that transactions exceeding £10 lakh in value must be reported under SFT-005. Participants are advised to verify the source of funds for such transactions to be prepared for potential departmental inquiries.

Your client had made time deposits for Rs 20,00,000/- in FY for which you have downloaded form 26AS.. asked him source of fund so that while making any enquiries by department you can easily provide them information.
Ok Sir, Thank You

Hello everyone, I have downloaded form 26AS of one of my client... where I found data regarding

1. transaction type - SFT-005

2. Amount -136147

3. Mode - mixed.

Please let me know, what to do with this.

 

@ Amrinder Singh ji

is amount showing is 1,36,147/-.?

because transaction more than 10 lakh value has to be reported in SFT 005(Time Deposit)

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