Sft 61a

Please check Rule 114e that whether you are required for submitting form 61A. There are various limit fixed for various institutions.

Originally posted by : Akshay Ganatra
	I have no make bill above 200000 & no cash received against 200000 bill so I required to file 61A. ????

Not required; but if received any mail, file "SFT Preliminary Response' under 'Compliance' online.

Originally posted by : Champ
	Query in regard to Filing of Form 61AIf we file a SFT Preliminary Response as No in SFT-013 as no cash received of Rs 2 Lac for a sale.Then also we have to file a Form 61A. If yes then what would be the statement no for this.

Not required at present, unless any query raised by department (in future).

Sir,

Originally posted by : Champ
	After filing of SFT Preliminary Response as No then form 61 A is to be uploaded or not?

Not necessary.

@ CA Sonu Agarwal: 

"Suppose the credit sale transaction is of Rs.500000/- and cash receipt is Rs.100000/- on 5 different dates..........."

If the sale transaction is singular, or of same day, SFT reporting for (audit case) assessees applicable.

Originally posted by : Dhirajlal Rambhia
	@ CA Sonu Agarwal:  "Suppose the credit sale transaction is of Rs.500000/- and cash receipt is Rs.100000/- on 5 different dates..........." If the sale transaction is singular, or of same day, SFT reporting for (audit case) assessees applicable.

Dear Dhirajilal Sir.,

Very helpful for FORM 61.... one more doubt...

Who can file this form.... I mean,

Only Chartered Accountant....? or

A Consulatant or A Accountant or any other will be file the form...?

any one can file the SFT Preliminary response even if you have Nil Transactions just file in the compliance section in the e filing income tax portal 

Originally posted by : sivaram
	any one can file the SFT Preliminary response even if you have Nil Transactions just file in the compliance section in the e filing income tax portal

Dear SIVARAM.,

I'm doing consulting works for Accounts & Tax. Can I file FORM 61a to my Clients.

Have Two Tax Audit clients are make bills for Cash Above 2lacs. Who can file these cases....?

Please guide me i have more confusion... & This law is starting FY 2016-17 or Previous FY...?

Originally posted by : Dhirajlal Rambhia
	@ CA Sonu Agarwal:  "Suppose the credit sale transaction is of Rs.500000/- and cash receipt is Rs.100000/- on 5 different dates..........." If the sale transaction is singular, or of same day, SFT reporting for (audit case) assessees applicable.

Dear Dhirajlal Sir.,

If a bill made Rs.3,00,000/- and the amount will be receive CASH Rs. 1,50,000/- and BANk Rs. 1,50,000/-. If this case will file FORM 61a or NOT Avialable Sir...

Raja

Cash receipt 200000/= from single client applicable only for business having turnover of 1 crore and above and service income of 25 lakhs and above if such is the case file Preliminary response to SFT if you have Nil Transactions this is a small compliance which can be done by anyone by logging into efiling income tax portal if you have user id and password remember this has to be complied on or before 31.5.2017