What is SFT? Must watch before you file your ITR
Government introduced SFT To keep a tab on black money and high value transactions
SFT = Statement of Financial Transactions
High value transactions reflect in Form 26AS
Banks, Corporates, Mutual fund Trustees report such high value transactions to income tax authorities
If fail to do so, they are imposed with penalties.
Check your Form 26AS before filing ITR
Declare related income to avoid income tax notice
Start e-Filing Fill in the details and our Income Tax Filing experts will get in touch with you.
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To watch the entire video - https://youtu.be/eRtXFsld9Ss
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