This is to bring to your attention to the provisions of Income Tax Law that require the Filing of a Statement of Specified Financial Transactions (SFT) in case if the Company enters into any of the specified transactions. The most common specified transactions are:
1. If the company has issued shares during the previous year (i.e F.Y 18-19) and has received from any person an amount totalling to INR 10 Lakhs or more (including share application money).
2. If the company has received cash payment exceeding INR 2 Lakhs from any person for sale of goods or service of any nature.
Kindly confirm regarding the applicability as the due date to file form SFT with the Income Tax department is 31st May, 2019.
https://local.google.com/place?id=4125882749823692605&use=posts&lpsid=913645301123826072
--
*FinTax*
Tax and Finance Consultant
+91 8828960174
Fintax.ca@consultant.com
Fintax.ca@gmail.com
No comments:
Post a Comment