CBDT extends the due date for furnishing Statement of Financial Transaction (SFT)

CBDT extends the due date for furnishing Statement of Financial Transaction (SFT)

June 8, 2017 FISCAL 0

Central Board of Direct Tax (CBDT) has issued a Press Release on 31st May 2017 and extends the due date for furnishing Statement of Financial Transaction (SFT).

Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under Rule 114E of the Income-tax Rules, 1962. The due date for filing such SFT in Form 61A in respect of specified financial transactions registered or recorded during Financial Year 2016-17 is 31st May 2017.

To remove inconvenience and to facilitate ease of compliance the CBDT have extended the due date of furnishing of the SFT for transactions registered or recorded during Financial Year 2016-17, from 31st May 2017 to 30th June 2017.

Source: Income Tax Department – Government of India

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