Person not made cash sale of Rs 2 lac has to submit 61A?

Sir,

  To fill this whether preliminary respond has to be submitted or we have to upload form 61A after creating ITDEF.

I tried to search about this issue and no where i could find whether it is mandatory to report even if no such transaction are made under SFT 013... nor the email or any articles speaks about it... so lot of Confusion...

Maybe if someone tried to file NIL Report can throw some light on it...

One thing is clear that Aggregate rule is not applicable for SFT 013... so it has to be one single transaction of 2 lacs or more.

"To fill this whether preliminary respond has to be submitted or we have to upload form 61A after creating ITDEF."

Here in this mail it is clearly stated: You are requested to submit the "SFT Preliminary Response" under compliance section post login to eFiling portal.
 

Dhirajlal Rambhia Sir,
But where it is written that it is not mandatory?

" But where it is written that it is not mandatory?"

No !!! It is clearly written that it is mandatory to file the SFT "in respect of specified financial transactions for any reportable account registered/recorded/maintained by them during the financial year to the income-tax authority or such other prescribed authority"

Also  mandatory "to furnish the statement within a period not exceeding 30 days from the date of service of any notice from concern officer and in such a case the person shall furnish the statement within the time as specified in the notice"

Also mandatory to file NIL transaction statement, once registered under ITDREIN !!!!
 

Here in this mail also it is clearly stated: You are requested to submit the "SFT Preliminary Response" under compliance section post login to eFiling portal.
 

@ CA Madhvi Pandit:

"If we select No for audit cases (who has not accepted cash), ITDREIN is needed to submit response.

If we try to generate ITDREIN, it asks for form type eg 61A etc

Since there are hardly any days left, I hope the department comes out with a clarification,"

No need to generate ITDREIN, You may reply to the mail or submit grievance under E-Nivaran, stating the fact.

Kindly comment on the second option

Various Departments have decided to keep professional busy 365 days... so to achieve this they keep bring something new every now and then :)

For some Professionals it is a great opportunity and for some headache..

Easy of doing business can be achived only by spending good amount to highly qualified Professionals :)

No more days for small business...

Just saw the Features of the Utility

7 Other Features of the Utility
1. Export SFT Data in CSV file
2. Save Draft XML File
3. Open Saved XML File
4. Prepare NIL Statement
5. Prepare Correction Statement

Since the option to Prepare NIL Statement is there, as per the information available, but dont know for which category...

Sir,

          I have made conversation with an ITO he has advise me if not applicable then go to compliance select no stating the reason and submitted.

           if applicable then has to be submitted the 61A form

@ CA Madhvi Pandit: A perfect book interpretation by CA Rajan Raichura.

If the "SFT Preliminary Response" under compliance section doesn't accept the 'No' option for "Persons covered under Tax Audit and do not have Cash Sales of Rs. 2 lakhs per transaction during the year" without generating ITDREIN, you are left with no other choice!!!

I would wait till last moment for any other option, or just reply by mail.

Originally posted by : Ashim kr Ray
	Sir,           I have made conversation with an ITO he has advise me if not applicable then go to compliance select no stating the reason and submitted.            if applicable then has to be submitted the 61A form

A confirmation about acceptance of option 'NO' ( "SFT Preliminary Response" under compliance section) without upload of form 61A, or generating any ITDREIN!!!

Sir,

 No  idea about this.

I just tried to SFT Preliminary Response option available on site... (Print Screen available in Word File attached herewith)

Could not file it since Registration for ITDREIN is mandatory for Preliminary Response too.