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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details