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SFT STATEMENT 202021

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Jeetu Manglani

177 Points Posted on 29 May 2021

a company given dividend to share holders more than 10 lakh so its liable to report under SFT statement ?

Replies (6)

Quick Summary

This discussion clarifies the reporting requirements for the SFT statement concerning dividend payments for the financial year 2020-21. It confirms that any dividend payment, regardless of the amount, is mandatory to report under the SFT statement using transaction code SFT 015. The due date for filing this statement was 30th June 2021, and non-compliance means the dividend recipient's 26AS will reflect this.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 29 May 2021

Yes it is to be reported

Gagan Gupta

Chartered Accountant

161 Points Posted on 30 May 2021

Yes it is mandatory. due date is 30-Jun-2021 for FY 2020-21. And there is no threshold limit for dividend payment. SFT had to be filed even if dividend is less than 10 lacs.

This will be reflected in 26AS of dividend recipient.

Ankit Neema

2742 Points Posted on 30 May 2021

If company paying dividend the SFT is required to file, and the transaction code is sft 015. there is no threshold limit for filing sft, in case of dividend payment.