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Statement of Financial Transactions
If a company received more than 10 lakhs from a person as share application money (FY 2017-18) however shares issued in next year (FY 2018-19), whether SFT reporting required for FY 2017-18 ?
Replies (2)
Yes, to be reported for receipt of amount .....
| Originally posted by : Divya chotia | ||
 |
If a company received more than 10 lakhs from a person as share application money (FY 2017-18) however shares issued in next year (FY 2018-19), whether SFT reporting required for FY 2017-18 ? |  |
YES,
| Share purchase (including share application money) for an amount aggregating to Rs. 10 Lakhs or more in a financial yeaR- Any company/institutions issuing such shares |
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