SFT Report - Issue of shares

As per Rule 114E of the Income Tax Rules, if a company issues shares (including share capital and share premium) aggregating to ₹10 lakhs or more to a person in a financial year, it must be reported under Form 61A – SFT-005.

• Transaction Type: Receipt from any person for acquiring shares issued by the company.

• Threshold: More than ₹10 lakhs in a financial year.

• Reporting Person: The company issuing the shares.

• SFT Code: SFT-005

• Form Used: Form 61A

• Reporting Portal: https://report.insight.gov.in/

You will need to prepare and submit the XML file using the prescribed utility available on the portal, signed with a valid DSC.

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