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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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..... uch frequency, and in such manner, as may be specified by the Director General of Income Tax (Systems), with the approval of the Board. 3. The guidelines for preparation and submission of Statement of Financial Transactions (SFT) information are enclosed in Annexure A and Annexure B respectively. The data structure and validation rules are enclosed in Annexure C and Annexure D respectively. Notification No. 3 of 2018 Dated 5.04.2018 may be referred for the procedure for registration. 4. Reporting entities are required to prepare the data file in prescribed format from their internal system. An excel based report preparation utility has also been provided to assist small reporting entities in preparing data file. The data files prepared by i .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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..... o the reporting person/entity, it is required to remove the defects by submitting a correction/deletion statement. 9. The reporting person/entity is required to document and implement appropriate information security policies and procedures with clearly defined roles and responsibilities to ensure security of submitted information and related information/documents. The reporting person/entity is also required to document and implement appropriate archival and retrieval policies and procedures with clearly defined roles and responsibilities to ensure that submitted information and related information/documents are available promptly to the competent authorities. 10. This Notification shall come into effect from the date of issue. (Anu J. Sin .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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..... uploading. The Report Serial Number (RSN) along with Original Statement ID will uniquely identify the report which is being corrected. If the correction statement is successfully accepted, the reports in the earlier statement will be marked as inactive and the newly uploaded report will be active. 6. In case Reporting Entity needs to delete uploaded data, Deletion Statement is required to be filed. In the Deletion Statement, only those reports should be uploaded which are to be deleted. Statement ID of the original Statement which is being deleted should be selected while uploading. The Report Serial Number (RSN) along with Original Statement ID will uniquely identify the report which is being deleted. If the Deletion Statement is successfu .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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..... File name should not have been uploaded earlier (Only for original statement) The file name has already been uploaded earlier. 3. File Name is not in the specified format File Name is not in the specified format. Name of File prepared by the utility should not be modified manually. 4. The entered Statement ID should be available (For Correction/ Deletion) The entered Statement ID is not available. Please provide Statement ID generated for original file to submit correction/ deletion. 5. ITDREIN in the file name should match with the ITDREIN mentioned on Portal ITDREIN in the file does not match with the ITDREIN mentioned on Portal File Level Validations Any file which does not meet the following requirements will be rejected. # Validation .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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..... is blank in XX reports 12. RSN length should not be more than 10 RSN length is more than 10 in XX reports 13. RSN field should not contain nonnumeric value. Value in RSN field is nonnumeric in XX reports 14. RSN should not be in exponential (scientific) format. RSN is in exponential (scientific) format in XX reports. 15. Duplicate RSN in file Duplicate RSN in XX reports. 16. FY length should be 4 FY length is not 4 in XX reports 17. FY field should not contain nonnumeric value. Value in FY field is nonnumeric in XX reports 18. FY mentioned against each report should match with FY selected on upload screen. The FY selected on upload screen is not matching with FY mentioned against XX reports. 19. Name field should not be blank (mandatory fie .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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..... dend should not be in exponential (scientific) format. Dividend is in exponential (scientific) format in XX reports. 36. Duplicate Reports (all fields other than RSN) Duplicate Reports (all fields other than RSN) in XX reports. 37. Failed Original Report Serial Number in Correction/ Deletion Statement Report Serial Number in XX Reports of Correction/ Deletion Statement does not match with the RSN in the Original Statement submitted earlier. 38. Failed Original Report Serial Number in correction/ deletion (after Deletion) Report Serial Number in XX Reports of Correction/ Deletion Statement corresponds to the report already deleted. 39. Report details mentioned in Deletion Statement should match with details mentioned in original file Details .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income - 01/2021 - Income Tax

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