My 26AS shows a negative -330000 for SFT 005 updated by the Banker. This is the first time I am seeing this, what does this mean and what does negative amount stands for. Also, is there any action I need to do while I file returns, pls suggest!
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SFT 005 negative amount in 26AS
Replies (3)
Please contact to your bank
SFT 005 is high value transaction reported by banker on deposits. Contact banker who has shown negitive 005 SFT. if SFT is correctly shown in 26AS, then we don't have to take any action. It is simply report of high value transaction, generally ( above 10,00,000)
It shows that you have made withdrawal of Rs.3.3 Lakhs from your bank account.
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