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SFT Report - Issue of shares

Akansha jain (CA) (156 Points)

30 May 2023

please guide how to report SFT of issue of shares of more than 10 lakh to one person

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Roodita Gaikwad (Practice) (4416 Points)
Replied 22 April 2025

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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