Hello,
My Company has issued equity shares to outisde india in F.Y. 2016-17 and payment of which is received by RTGS on the same date. we have filed Statement of Financial Transactions (SFTs) Online in Form No. 61A in F.Y. 2016-17 to report such transaction.
Now, in F.Y. 2017-18 there is not such transactions to report in Form 61A. We have tried to upload form as not applicable in all conditions of form but could not upload as efiling site was under heavy load till 31st May, 2018.
Whether is it mandatory to file form 61A even if there is no such transaction in F.Y. 2017-18?
If yes, is there any penalty as we could not file it before due date due to heavy load on site?
Please advice
CAclubindia
