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SFT Date extended?

RAJIV (PROP) (30 Points)

01 August 2020

is extended date of SFT (Special financial transactions)?????

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2 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 02 August 2020

SFT in Form 61A shall be submitted on or before 31 May of the FY, immediately following the FY in which the transaction is recorded or registered.

It may be noted that the due date for FY 2019-20 originally was 31st May 2020 which was extended to 31st July by date extension ordinance issue in March 2020. By amendment therafter, it is now extended to 31.03.2021. Now the due date for filing SFT for the FY 2019-20 is 31st March 2021.