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

good reply

"Filing of Nil Statement in form No. 61A is not mandatory under section 285BA read with rule 114E ,,,,,,,,,, but to be on safer side Assessee may consider filing such return.

Further to maintain consistency Assessee who has filed Annual Information Return for Financial Year 2015-16 may consider filing such return for financial year 2016-17 too despite no specified transaction in Financial Year 2016-17." : CA Sundeep Kanoi.

Refer:  https://tax guru.in/income-tax/nil-statement-form-61a-sft-optional-compulsory.H T M L

@ Mr. Surana: The probable solution as suggested by you, doesn't work. Even after generation of ITDREIN, the SFT (with the reference of the ITDREIN no.) was submitted, but without upload of form 61a, no records is generated in system about the submission.

Transaction ID is generated and we can see our response in Submitted Response even without filing form 61A...

Well most of my known CA are just submitting the SFT PR and not filing any NIL reporting Form 61A... since they are of the view that it is not Mandatory to file Nil Reporting Form 61 .

but it is always better to wait for clarification from Department or ICAI on it...

@ Mr. Surana:  Its good if transaction ID is generated without filing form 61a, as thereby we can at least submit the NIL transaction responce as required in complience. I tried to submit the SFT report after ITDREIN  but without registration of any signatory authority; but (may be because of internet flutuatuion), the transaction ID is not generated.

It would be great help to all such assessee without any such transactions to respond to compliance, if you can throw more light on complete process.

Waiting for anymore clarification from department/ICAI, in that case may not be necessary.

@ Asim kr Ray:

& others

refer: /forum/details.asp?mod_id=391645&offset=1

Good luck.

@ Dhirajlal ji : Tried my best to create this PDF file.

This is what I have done…  but I am not sure if this is right process :)

whole process will change if there are reportable transaction ...

this below mentioned process is just an example... selecting the appropriate option as per the case... and ofcourse process will change if we need to complusory file Form 61A even for NIL REPORTING

PRINT SCREEN FOR EACH STEP ATTACHED HEREWITH IN PDF FILE

1. Go to MANAGE ITDREIN
2. Click GENERATE NEW ITDREIN
3. Select the Type & Category and click GENERATE ITDREIN
4. Clink OK to proceed
5. You can see S.No. 1 with new ITDREIN created
6. Now go to COMPLIANCE and select SFT PRELIMINARY RESPONSE
7. Select the ITDREIN from the drop down list
8. Select the Reportable Transaction from YES / NO / NOT APPLICABLE
9. Submit it once all transaction are selected
10. Note down the Transaction ID or Print Screen the page for Reference
11. You can also see your response under COMPLIANCE – VIEW SFT RESPONSE
12. Click the Transaction ID to check the response you have reported.

Great job for this image thanking you

Sir,

Either the assessee has a Audit case in the A Y 2016-17. and the assessee has no audit case for the A Y 2017-18. wheather he has to file Form 61A or Not? Please give the advise and clarify.

If form 61A is applicable for sale of capital goods cash receipt more than 200,000 per transaction?

I HAVE CREATED ITDREIN but infact form 61A is not applicable for me. what should i do for delete such ITDREIN?

Join form 61A

Originally posted by : Lalit Aswani
	I HAVE CREATED ITDREIN but infact form 61A is not applicable for me. what should i do for delete such ITDREIN?

No need to do anything. It will not be processed.

Originally posted by : ANUSHA
	If form 61A is applicable for sale of capital goods cash receipt more than 200,000 per transaction?

Yes, in case of individuals having tax audit liability

Originally posted by : mahavishnu
	Sir, Either the assessee has a Audit case in the A Y 2016-17. and the assessee has no audit case for the A Y 2017-18. wheather he has to file Form 61A or Not? Please give the advise and clarify.

Rule 114E Applicable.

No need to file form 61A in case no transaction exists, but file SFT preliminary report online.