SFT Reporting & Its Consequences under the Income-tax Act, 1961
Get a clear overview of SFT reporting under the Income-tax Act, 1961. Find out who needs to report, what to report, and the consequences of missing your obligations.
Faculty Instructor
Start Date
20 May 2025
End Date
20 May 2025
Duration :
1 Hrs
Lesson :
1
Time :
07:00 PM
-
08:00 PM
₹800
₹1600
+GSTWho is this for?
- Students and Learners
- Government Officials
- Business Owners
- Finance Professionals
- Accountants
- Tax Professionals
What will be Covered in the Course?
What is SFT?
- SFT stands for Statement of Financial Transactions
– It is a mandatory reporting requirement under Section 285BA of the Income Tax Act, 1961.
Objective:
- To collect high-value financial transaction data and prevent tax evasion through enhanced information gathering.
Who Needs to File SFT?
- SFT must be filed by specified persons, including:
Common Transactions Reported in SFT
SFT Course’s Key Features
- English Medium
- Duration 1 Hour
- E Certificate
- E Notes available
- The Recordings will be provided