SFT 005 IN FORM 26AS

My form 26AS is showing SFT--005 (for bank) .  In Oct-2019 , my mother had made 2 Fixed Deposits of 10 lakhs each in my name from her Savings Account . We both file IT Return each year. What do I have to do now?? Do we have to fill separate forms?

Replies (2)
Quick Summary
If your Form 26AS shows an SFT-005 entry related to bank transactions, it likely stems from large fixed deposits made in your name. Even if your mother funded these deposits, you don't need to file a separate form. Simply ensure that the interest income generated from these fixed deposits is accurately declared in your Income Tax Return (ITR).

If ITR has been filed...u need not to file any other form.
Not required to file any separate form...
While filing income tax return you just have to insure that you disclose your income of interest from Fixed deposit properly in respective IT Return.

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