Statement of financial transactions (sft)


CA CHETAN GUPTA (CA)     12 July 2019

CA CHETAN GUPTA
CA 
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Hello,

Is Filing a NIL Statement of SFT in the case of "Any Person Liable for Audit under 44AB" - "Cash receipt for sale, by any person, of goods or services of any nature" necessary??

 

If not filed for the FY 2018-19, then whether Penalty @ Rs. 500 per Day payable or not ???

 

 

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Kaushik Sen (student)     12 July 2019

Kaushik Sen
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Though fine not applicable, but filing of nil statement applicable.

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CA CHETAN GUPTA (CA)     12 July 2019

CA CHETAN GUPTA
CA 
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Thank You Kaushik Sir.

 

Can You Quote some Link or Notification wherein it is stated that Thr Finr or penalty of 500 per day is not applicable.

Because I will File them at the Earliest.

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Sugandha Shetty (student)     12 July 2019

Sugandha Shetty
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https://studycafe.in/2019/05/do-we-need-to-file-nil-statement-of-financial-transaction-sft-or-not.htm l

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CA CHETAN GUPTA (CA)     16 July 2019

CA CHETAN GUPTA
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Thanks Sugandha :)


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