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Monday, May 22, 2017

Nil statement in form 61A of SFT- Optional or Compulsory?

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Now days a question is coming to the mind of many professional that in case of an entity who has not entered into any of the Specified or reportable financial transactions in Financial Year 2016-17 but who falls into the class of person (reporting person) under Section 285BA Read with Rule 114E of Income Tax Rules, are they required to file NIL statement of financial transactions (SFT) in Form No. 61A.

May 22, 2017 at 08:20AM

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from CA Sandeep Kanoi

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