SFT TRANSACTION

SIR, SFT TRANSACTION MANDATORY OR NOT IF ASSESSEE NOT COVERED TAX AUDIT
MY CLINT 26 AS SHWON SFT 0005 AND SINGLE TRANSACTION OF RS. 20,00,000
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Quick Summary
This discussion addresses whether SFT (Statistical Financial Transaction) reporting is mandatory for a client with a single transaction of Rs 20,00,000, even if they are not covered under tax audit requirements. The consensus is that an SFT transaction filing is indeed required in this scenario, and a preliminary response can be submitted.

Yes you need to file form 61a
SFT preliminary response bhi file kar sakte ho

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