hi,
what does it mean SFT004 in 26AS amounted to Rs.80,000
pls explain
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SFT 004 in 26AS
Replies (5)
Quick Summary
SFT 004 means any cash deposited into account
What to do now for the 80k
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
It's not a big problem SFT 004 doesn't create any problems as it is reported by the financial institutions
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
May be an error by reporting entity as you have 80K only. Please re-check
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