Procedure for filing form 61a for previous years

Others 1289 views 3 replies

Chaitanya Poddar

Article Trainee

21 Points Joined May 2014

Hi,

Our client, K Ltd., had issued shares to a company in FY 2014-15 (i.e., AY 2015-16). In this regard, K Ltd. had to file the details of the transaction in Form 61A (mandatory requirement as per Section 285BA of the Income Tax Act read with Rule 114E).

K Ltd. did not comply with this requirement at that point of time and now desires to comply with the same with respect to the above mentioned transaction.

With respect to the same, request you to kindly share the procedure for filing of Form 61A for previous year (i.e. AY 2015-16).

Thanks in anticipation.

Replies (3)

Gadaputi Teja

Student

22 Points Joined May 2017

Hi,

As per Section 285BA of the Income Tax there is no mandatory to file Form 61A for issue of shares.

kumar

CA FINAL

25 Points Joined July 2011

DEAR SIR

FORM 61A IS APPLICABALE REAL ESTATES COMPANY

WHICH COMPANY SELLING LAND AND PLOTS

kumar

CA FINAL

25 Points Joined July 2011

Receipt of cash payment exceeding Rs. 2,00,000 for sale of goods or providing services of any nature other than those specified above

transaction in Form 61A (mandatory requirement as per Section 285BA of the Income Tax Act read with Rule 114E)

Here Plots and lands also treated as good ?