Quick Summary
CBDT issued a Corrigendum to Notification No. 4 of 2021 dated November 15, 2023, concerning the Format, Procedure, and Guidelines for the submission of the Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar Share Transfer Agent. The format, procedure and guideline
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The corrigendum clarifies the format, procedure, and guidelines for submitting the Statement of Financial Transaction (SFT) for mutual fund transactions by Registrar & Share Transfer Agents (RTAs).
The reporting frequency has changed from quarterly to half-yearly. Data will now be submitted on a half-yearly basis instead of quarterly.
The new deadlines for SFT submissions are 31st October for the first half of the financial year (ending 30th September) and 30th April for the second half (ending 31st March).
Yes, the minimum holding periods for certain mutual fund units have been clarified, with specific details provided for Equity Oriented Mutual Funds and Other Units.
Mutual funds where not more than 35% of their total proceeds are invested in the equity shares of domestic companies will be classified as short-term capital assets, applicable from 1st April 2023.
CAclubindia
