Taxontips
No Result
View All Result
Saturday, August 2, 2025
Login/ Register
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

New transactions included in SFT reporting for income from listed securities | Now get Pre filled ITR

Income tax Expert by Income tax Expert
March 14, 2021
in Income Tax News
2
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
135
SHARES
1.7k
VIEWS
image_pdfPDFimage_printPrint

SFT i.e. specified financial transactions are covered under section 285BA and various specified transactions are covered under rule 114E of the Income tax rules which needs to be reported by Specified person.

With various updates in Form 26AS which is now Annual information statement, SFT transaction is also a part of Form 26AS.

Also, during Budget 2021 speech our Hon’ble Finance minister had mentioned that there will be pre-filled Income tax return containing details about salary, dividend, interest and capital gain income and to move in that direction a new notification has been issued by CBDT i.e. notification 16/2021 Dt. 12.03.2021 which is as under:

“(5A) For the purposes of pre-filling the return of income, a statement of financial transaction under subsection (1) of section 285BA of the Act containing information relating to capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income mentioned in column (2) of Table below shall be furnished by the persons mentioned in column (3) of the said Table in such form, at such frequency, and in such manner, as may be specified by the Principal Director General of Income Tax (Systems) or the Director General of Income Tax (Systems), as the case may be, with the approval of the Board, namely:—

S. No. Nature of Transaction Class of person
1.         Capital gains on transfer of listed securities or units of

Mutual Funds

(i) Recognised Stock Exchange;

(ii) depository as defined in clause (e) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996);

(iii) Recognised Clearing Corporation;

(iv) Registrar to an issue and share transfer agent registered under subsection

(1) section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992).

2.         Dividend income A company
3.         Interest income (i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act);

(ii) Post Master General as referred to in clause (j) of section 2 of the Indian Post Office Act, 1898 (6 of 1898).

(iii) Non-banking financial company which holds a certificate of registration under section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934), to hold or accept deposit from public.

Explanation. — For the purposes of this rule,—
(a) “listed securities” means the securities which are listed on any recognised stock exchange in India;
(b) “Mutual Fund” means a Mutual Fund as referred to in clause (23D) of section 10 of the Act;
(c) “recognised clearing corporation” shall have the same meaning as assigned to it in clause (o) of sub regulation (1) of regulation 2 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 made under the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and the Securities and Exchange Board of India Act, 1992 (15 of 1992);
(d) ―recognised stock exchange‖ shall have the same meaning as assigned to it in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);
(e) “securities” shall have the same meaning as assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);‖”

 

Thus, from the above new rules it is clear that this amendment has been done to implement the vision mentioned in Budget 2021 and now people will get prefilled ITR with capital gain, dividend and interest income.

However it is important to mention here that capital gain of only listed entities shall be required in SFT and not all entities.

 

To read notification 16/2021 CLICK HERE.

image_pdfPDFimage_printPrint
Tags: Income taxincome tax updatepre filled income tax returnpre filled itrSFTSFT transaction
Previous Post

Extension of Condonation Scheme to regularize UDINs | Extended till 31.03.2021

Next Post

CA Qualification will now be treated equivalent to PG Degree

Related Posts

CBDT issues circular for detailed explanation on TDS deduction u/s 192 of the Income tax act
Income Tax News

Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN

July 22, 2025
Received mail from GSTN “Aggregate turnover being more than Rs. 5 Cr during FY 2019-20” What does this mean?
Income Tax News

Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?

July 2, 2025
Tatva Chintan Pharma Chem Limited IPO details and capital gain tax on selling IPO allotment | Capital gain on IPO
Case Laws

ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]

May 2, 2025
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
Income Tax News

No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?

April 1, 2025
Received mail from GSTN “Aggregate turnover being more than Rs. 5 Cr during FY 2019-20” What does this mean?
Income Tax News

Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department

January 29, 2025
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
Income Tax News

Guidance note 2 issued for Vivad se vishwas Scheme, 2024 [Read circular]

January 1, 2025
Next Post
CA Qualification will now be treated equivalent to PG Degree

CA Qualification will now be treated equivalent to PG Degree

Comments 2

  1. Pingback: Limit of SFT reporting in case of interest removed by Income Tax Department - Taxontips
  2. Pingback: Receiving messages from Income tax department for High Value Transaction | Now GSTR 1 data available on compliance portal - Taxontips

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
  • Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
  • Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
  • Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
  • ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]

Recent Comments

  • ADMIN on Submit response to confirm/ revise the refund claim – Why are you getting this mail and how to get refund
  • Dinesha B S on Submit response to confirm/ revise the refund claim – Why are you getting this mail and how to get refund
  • ADMIN on M/s. Safari Retreats Private Limited and another vs Chief Commissioner of Central Goods & Service Tax & others
  • ADMIN on Submit response to confirm/ revise the refund claim – Why are you getting this mail and how to get refund
  • TAPAN KUMAR NARZY on Submit response to confirm/ revise the refund claim – Why are you getting this mail and how to get refund

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
  • GSTR 9/ 9C extended : AGAIN

    GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning

    6537 shares
    Share 2615 Tweet 1634
  • How to pay Membership and COP fees of ICAI for 2020-21 |

    6444 shares
    Share 2578 Tweet 1611
  • Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods

    5915 shares
    Share 2366 Tweet 1479
  • Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020

    4855 shares
    Share 1942 Tweet 1214
  • SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type

    4085 shares
    Share 1634 Tweet 1021

Recent Notification

CBDT issues circular for detailed explanation on TDS deduction u/s 192 of the Income tax act

Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN

July 22, 2025
Received mail from GSTN “Aggregate turnover being more than Rs. 5 Cr during FY 2019-20” What does this mean?

Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?

July 2, 2025

RSS Taxontips

  • Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
  • Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
  • Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
  • Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
  • ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
  • Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
  • No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
  • Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
  • Statutory Audit of Trade Receivables in Indian Companies [Company law]
  • Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Q & A
  • Privacy Policy
  • Terms of use

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!