IF THERE IS NO TRANSACTIONS MORE THAN RS 2 LAKH DURING THE YEAR
WHETHER IS IT MANDATORY TO FILE FORM 61A IF IT IS NIL ??
REQUIRED EXPERT ANSWERS & BASED ON NOTIFICATION
IF THERE IS NO TRANSACTIONS MORE THAN RS 2 LAKH DURING THE YEAR
WHETHER IS IT MANDATORY TO FILE FORM 61A IF IT IS NIL ??
REQUIRED EXPERT ANSWERS & BASED ON NOTIFICATION
If there is a NIL reportable transaction then the assessee is required to file only the ‘SFT Preliminary Response’ on the Income Tax Portal.
Steps to File SFT Preliminary Response:-
Step 1 : LOGIN TO https://www.incometaxindiaefiling.gov.in/ MY Account >> Reporting Portal (Beta Version) You will be redirected to the Reporting Portal >> Confirm
Step 2: Please select from the following options >> SFT Preliminary Response Submit New Response
a) Click Generate new ITDREIN
i) Select Form Type
ii) Select Reporting Entity Category
Step 3 : Click on Compliance
Step 4 : Click on SFT Preliminary Response
Step 5 : Please select the appropriate option under the reportable transaction:-
a) In case if there are some reportable transaction for the year which have been/ will be filled under Form 61A – Select YES
b) In case if the Transaction Type is Applicable, but there are no reportable transaction during the year – Select NO
c) In case if Transaction type is not Applicable – Select NOT APPLICABLE
Step 6 : Submit the SFT Preliminary Response
thanks both u sir
WHETHER SELECT FORM CC OR FORMV
PLEASE CLEAR DIFFERENCE OF BOTH
As per the press release dated 26/05/2017
" The registration of reporting person (ITDREIN registration) is mandatory only when at least one of the Transaction Type is reportable. A functionality "SFT Preliminary Response" has been provided on the e-Filing portal for the reporting persons to indicate that a specified transaction type is not reportable for the year."
SO WE DO NOT NEED TO REPORT EVEN SFT PRIMILIARY RESPONSES
Try to understand the language ............ highlighted.........
In nutshell, better to report for no future query.........
SO WE HAVE TO INDICATE THAT THERE IS NO REPORTABLE TRANSACTION
I AM RIGHT SIR
Better option.........
BUT SIR I AM COMFUSE ABOUT FORM WHETHER TO SELECT FORM 15 CC OR FORM V
Choose form 61A
Form_No.61A_Notification_3_of_2018.
SIR SEE ATTACHED FILE
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