banner_ad

SFT 004 Cash deposit

2271 views 7 replies
User Avatar

Pivate
1491 Points Posted on 09 April 2022
Sir,

In whole year FY 2021-22 I have deposit Rs.80000 in axis bank but same reflect in my 26 as under SFT004 Cash deposit in saving account

Why bank report when Cash deposit in SB account in one FY year limit is Rs.10 Lacs pleas suggest
2 Reply Share Follow
On 09 April 2022 at 19:48 Report
Replies (7)
User Avatar

Practising CA
8954 Points Posted on 10 April 2022
IT systems are in place. so banks have reported on voluntary basis.
30 Reply
On 10 April 2022 at 00:13
User Avatar

49 Points Posted on 10 April 2022
Don't worry.
Reply
On 10 April 2022 at 01:18
User Avatar

CFO- at NHTF
58280 Points Posted on 10 April 2022
Now a days many people who does illegal business also taking the advantage of converting black money to white through fixed deposits or other deposits banks ..So govt has made few changes to curb these practices
59 Reply
On 10 April 2022 at 10:13
User Avatar

729 Points Posted on 10 April 2022
Mostly Cases private bank report to department if you less then deposit Rs.1 lac same case i deal i have deposited Rs.292000 in PNB no reporting but I have deposited Rs.22000 in kotak Mohinder bank and Rs.33000 In axis Bank both reflect in SFT 004 Cash deposit
1 Reply
On 10 April 2022 at 11:33
User Avatar

CFO- at NHTF
58280 Points Posted on 10 April 2022
Banks submit the report through AIS or AIR about statement of financial transactions
59 Reply
On 10 April 2022 at 18:43
User Avatar

74 Points Posted on 11 April 2022
SFT-004: Cash deposits aggregating to ten lakh rupees or more in a financial year, in one or more accounts (other than a current account and time deposit) of a person.
Other than Current and Time Deposit it will be reported.
Reply
On 11 April 2022 at 16:27
User Avatar

CFO- at NHTF
58280 Points Posted on 12 April 2022
If GTI is less than 2.5lacs then it is not required to file ITR and you may submit the response accordingly
59 Reply
On 12 April 2022 at 07:28


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details