SFT-005 transactions

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dgm
348 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

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On 20 July 2021 at 07:59 Report
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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.

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Chartered Accountant
16188 Points Posted on 20 July 2021
You should contact to your bank
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On 20 July 2021 at 09:12
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247 Points Posted on 20 July 2021
Yes, you may contact respective bank
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On 20 July 2021 at 11:50
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Chartered Accountant
44487 Points Posted on 21 July 2021
Bank wrongly provide you PAN instead of someone else, so contact with bank.
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On 21 July 2021 at 07:57

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