Statement of financial transaction- sec44 ab person

who need to file form 61A:
Designated Director, Principal Officer and employees to observe the procedure and the manner of maintaining information as specified by its regulator and ensure compliance with the obligations imposed under section 285BA of the Act and rules 114B to 114D and this rule.


threshold limit of 2, 00,000 include :
all accounts , and all transactions in same nature both by a single person or by a group of persons during the year.
hence both single cash memo and consolidated cash memos should be taken for 200,000.

for details search and read rule 114E on IT dept. website.

It includes cash receipts above above Rs.2,00,000, in single transaction. Aggregating of amounts is not done in case of entity liable for audit u/s 44AB. Point (3) of Rule 114E, specifically excludes aggregating the amounts for determining the threshold amount for reporting, by a person covered u/s 44AB.

thank you SSG . aggregation of amonuts is not required for persons covered under section 44AB.

Is it obligatory to file NIL Form 61A by assessees liable for audit?

Only Preliminary response is to be filed in case there is no reportable transactions.....

For this ITDREIN needs to be generated? Can preliminary response be filed without use of Digital Signatures of assessee?