Central Board of Direct Taxes (CBDT) extends the due date for furnishing Statement of Financial Transaction (SFT) to 30th June 2017

Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under Rule 114E of the Income-tax Rules, 1962. The due date for filing such SFT in Form 61A in respect of specified financial transactions registered or recorded during Financial Year 2016- 17 is 31st May 2017.

Representations were received in the Central Board of Direct Taxes (CBDT) requesting for extension of the date of filing of the said SFT on account of the teething problems and the volume of data to be compiled. In view of these representations and in order to remove inconvenience and to facilitate ease of compliance, the CBDT, in exercise of powers conferred under section 119 of the Act, have extended the due date of furnishing of the SFT under Rule 114E (5) of the IT Rules, read with sub-section (1) of section 285BA of the Income Tax Act, 1961 in respect of specified financial transactions registered or recorded during Financial Year 2016-17, from 31st May 2017 to 30th June 2017.

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F NO.279/Misc./M-63/2017-ITJ

Government of India
Ministry of Finance
Department of Revenue,
Central Board of Direct Taxes,

Now Delhi, the 31st May. 2017

Order Under Section 119 of the Income Tax Act, 1961

The Last date For furnishing the statement of financial transactions under Rule 114E(5) of the Income Tax Rules, 1962, (the Rules) read with section (1) of section 285BA of the Income Tax Act, 1961, (the Act) is 31st May, immediately following the Financial Year In Which the transaction is registered or recorded,i.e. for Assessment year 2017-18 the last date for furnishing the said statement is 31st May 2017.

2. In order to remove inconvenience and to Facilitate ease of compliance, the Central Board of Direct Taxes, In exercise of powers conferred under section 119 of the Act, hereby extends the date of furnishing of the statement of financial transactions under Rule 114E(5) of the Rules, read with sub­section (1) of section 285BA of the Act for Assessment Year 2017- 18 front 31st  May 2017 to 30th tune 2017 in case of persons throughout India who are liable to furnish the said statement.

(Neetika Ransal)

Deputy Secretary to the Government of India

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Tags : Income Tax Notifications (9490) SFT (34)

5 responses to “SFT return filing due date extended to 30th June 2017”

  1. chetan jethwa says:

    notification has been updated in cbdt website but not on IT website

  2. CA S.T.VENKATESH says:

    visit income tax department site – website updated

  3. vishal says:

    seems to be fake

  4. Sujay says:

    We called up Helpline of Income tax india eifiling office, they confirmed they have not received any such information. If there is any update, the same will be updated in the Website. Kindly clarify immediately.

  5. Om says:

    what is the source of the info…? Income tax website is not updated yet

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