Draft Form 165 Signals Stricter Financial Reporting Norms for Banks and Institutions

Last updated: 25 February 2026 Follow on Google News

The Income Tax Department has introduced Draft Form No. 165, a comprehensive statement format for reporting Specified Financial Transactions (SFT) under Section 508(1) of the Income-tax Act, 2025. The draft form lays out detailed reporting requirements for financial institutions, reporting entities

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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