SFT 004 in 26AS

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student
248 Points Posted on 30 January 2021
hi,
what does it mean SFT004 in 26AS amounted to Rs.80,000
pls explain
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On 30 January 2021 at 21:37 Report
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Quick Summary
The SFT 004 code in your 26AS statement typically refers to cash deposited into accounts other than current accounts. While Rs. 80,000 has been reported, this usually only impacts you if aggregate cash deposits exceed Rs. 10 lakhs in a year. It's possible this is an error by the reporting entity, so it's worth double-checking the details.

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Chartered Accountant
24588 Points Posted on 30 January 2021
SFT 004 means any cash deposited into account
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On 30 January 2021 at 22:09
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student
248 Points Posted on 30 January 2021
What to do now for the 80k
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On 30 January 2021 at 22:15
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12244 Points Posted on 31 January 2021
SFT 004 code implies cash deposits made in accounts other than current accounts. but generally it'll be reported and have impact only if the aggregate cash deposits exceeds 10 lakhs
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On 31 January 2021 at 03:27
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Chartered Accountant
24588 Points Posted on 31 January 2021
It's not a big problem SFT 004 doesn't create any problems as it is reported by the financial institutions
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On 31 January 2021 at 06:29
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17269 Points Posted on 31 January 2021
SFT- 004: Cash deposit in account other than current account (if more than Rs 10 lakh in a year). This includes deposits through bearer cheques. 

May be an error by reporting entity as you have 80K only. Please re-check
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On 31 January 2021 at 15:39

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