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SFT-005 transactions

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babugr

dgm

521 Points Posted on 20 July 2021

In my form 26AS there are SFT entries showing one as 10 lakhs from a bank which apparently is correct, but shows in another bank as (-) xx lakhs. what action do I need to take in this regard, I am not sure how this -xx lakhs amount has been arrived at by the filer. Kindly advise. Further in another form 26AS of my son is shown as 3.58 lakhs which is below 10 lakhs, I fail to understand how it appeared as SFT.

Thanks

GR Babu

Replies (3)

Quick Summary

This discussion addresses discrepancies in Statement of Financial Transactions (SFT) reported in Form 26AS. The original poster noticed a negative SFT entry from one bank and a seemingly incorrect SFT entry for their son, despite amounts being below the reporting threshold. Advice suggests contacting the respective banks to clarify these entries, as they may be due to errors in PAN reporting or data filing.