Sft premiliary reponses process if there is no transactions

Very Good Information Dear...

Keep it Up...

THANKS FOR APPRECIATION 

Hi, 
I am a retailer having cash sales in excess of 50 Lakhs in a financial year. I deposit the same in parts across the year. 
Is SFT applicable to me? 
Do I have to file form 61A or will the bank be responsible to file the same? 
And what to file in Preliminary Response under SFT? 
Whether to select 'Yes' or 'Not Applicable' in preliminary response against the option SFT 003 i.e. Cash Deposits or Withdrawals in Current Account? 

Kindly guide me in this matter.

NOT APPLICABLE TO AS THE CASH RECEIVED AGAINST ONE INVOICE NOT IN AGGREGATE 

SFT PREMILINERY REPONSES IF SFT IS NIL MEANS NO TRANSACTION OF CASH MORE THAN RS 2 LAKHS 

 

ALL WILL BE NOT APPLICABLE 

BUT THE SFT-013 IS NIL TRANSACTION 

BUT THE DUE DATE IS OVER 31-05-2018

any penalty regarding it??

Penalty- Non-compliance of above provisions attract penalty under section 271FA of Rs.500/- per day for which failure continues and under section 271FAA of Rs.50,000/- for inaccurate information in the statement.

penalty is also applicable for nil transection??

TRY TO SUBMIT SFT PREMILINERY RESPONSES ASAP 

AND YES APPLICABLE IF NOTICE COME REGARDING THE SAME 

can we submit now....???

I DONT KNOW ABOUT IT

TRY TO SUBMIT @ REPORTING PORTAL 

 

IF NOT SUBMIT TILL, SO IT IS NOT A BIG ISSUE SO RELAX