Saturday, 20 May 2017

FURNISHING OF STATEMENT OF FINANCIAL TRANSACTIONS UNDER FORM 61A

Under the Income Tax Laws a new concept of furnishing of “Statement of financial Transactions” in Form No 61A (previously called as ‘Annual Information Return (AIR)’, has been introduced. These statements will help the tax authorities to collect information on certain prescribed high value transactions undertaken by a person during the year.

Read More:
https://drive.google.com/open?id=0B1rRav-P4-8JQkFPcDBGUC1BYmM
Form 61A
https://drive.google.com/file/d/0B1rRav-P4-8JWG1Za2Q4VHgzMW8/view?usp=sharing

User Guide on Report Generating Utility for For 61A
https://drive.google.com/open?id=0B1rRav-P4-8JeGNleE1UWTREQkU

Source: https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/SFT_Report_Generation_Utility_User_Guide.pdf