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What is right procedure to file SFT 006

Vinithraj R (1 Points)

24 September 2021  
What is right procedure to file SFT 006 case .
Client is insurance agent so he made payment through his credit card later he collected premium amount from client. so he received SFT 006 for over 10lack payment
solution please..

 2 Replies

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)   (2905 Points)
Replied 24 September 2021

SFT in Form 26AS – Filing ITR, you should check Form 26AS for SFT. The new concept of SFT is added recently by the Income tax department. SFT is abbreviated word. Full form of SFT is Statement of Financial Transactions. The prime purpose of tracking and including SFT in form 26AS is curbing black money.

1 Like

Raman Sharma (22 Points)
Replied 24 September 2021

To file sft one must get ITDREIN no. by registering on Insight Portal. then he can file sft under the eligible code

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