If your company has raised capital of over Rs. 10 lakhs in the previous financial year, you may have to file a return of Specified Financial Transactions (SFT) in Form 61A with the Income Tax Department before 31st May 2021.
Any delay may lead to a penalty of Rs. 500 per day.
Read more: http://www.casahuja.com/2021/05/specified-financial-transactions-sft.html
