Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

..... e C. The data structure and validation rules are enclosed in Annexure D and Annexure E respectively. Notification No. 3 of 2018 dated 05.04.2018 may be referred for the procedure for registration. 4. All Depositories as defined in clause (e) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996) are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit the data files using SFTP Server using the login credentials (To be communicated separately). 5. A separate control statement (refer annexure C) is required to be signed, verified and furnished by the Designated Director. 6. The statement of financial transactions relating to Financial Year 2020-21 shall be furnished on or before the 31st May 2021. Thereafter, the statement of financial transactions relating to the quarter ending 30th June, 31st September, 31st December and 31st March shall be furnished on or before 25th of July, October, January and April respectively. 7. The reporting entities are also required to provide information reported to Income Tax Department, to the account holder which will enable taxpayers to reconcile the informat .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... t account and computation of period of holding. Any capital asset held by the taxpayer for a period of more than minimum period of holding will be treated as long-term capital asset and remaining assets will be classified as short-term asset. The specified minimum period of holding for different asset class is as under: Security Class Code Security Class Description Minimum Period of Holding LES Listed Equity Share 12 months LPS Listed Preference Share 12 months LDB Listed Debenture 12 months ZCB Zero Coupon Bond 12 months CIB Listed Capital Indexed Bond 12 months EMF Unit of Equity Oriented Mutual Fund 12 months UTI Unit of UTI 12 months UBT Unit of Business Trust 36 months OTU Other Units 36 months OTH Other Listed Securities (Other th .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... ting entities are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit the data files using SFTP Server using the login credentials (To be communicated separately). A separate control statement (refer Annexure C) is required to be signed, verified and furnished by the Designated Director. 2. Any file which does not meet the validation requirements will be rejected. 3. In case Reporting Entity needs to modify uploaded data, Correction Statement is required to be filed. In the Correction Statement, only those records should be uploaded in which correction is required. In case Reporting Entity needs to delete uploaded data, Deletion request is required to be filed. Annexure C Control Statement for Depository Transactions Number of Records Values A.1 Reporting Entity Name A.2 ITDREIN A.3 Registration Number A.4 Statement Type A.5 Statement Number A.6 Original Stateme .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... 1. Reporting Entity Name Y VARCHAR (150) Reporting Entity Name 2. ITDREIN Y VARCHAR (20) Registration number allotted by ITD 3. Registration Number N VARCHAR (150) SEBI Registration number 4. Statement Type Y VARCHAR (2) NB - New Statement containing new information DB - Deletion Statement CB - Correction Statement containing corrections for previously submitted information 5. Statement Number Y VARCHAR (20) Internal reference number for reporting entity 6. Original Statement Id Y DECIMAL (18,0) Statement ID of the original Statement which is being replaced deleted or referred in the current Statement. In case the Statement is new and unrelated to any previous Statement, mention 0 here. 7. Reason for Correction Y VARCHAR (1) .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... Y VARCHAR (250) First Holder s name 9. Client Type Y VARCHAR (1) R - Resident N- Non-resident F - FII Z Not Classified 10. Client Status Y VARCHAR (1) M Minor O - Other X- Not Classified 11. Guardian Name N VARCHAR(250) Mandatory if Client Status is Minor 12. Guardian PAN N VARCHAR(10) Mandatory if Client Status is Minor . Mention PANNOTAVBL if no PAN is available. 13. Client Aadhaar N VARCHAR (12) First Holder s Aadhaar 14. Client DOB N DATE First Holder s DOB/DOI in DD- MM-YYYY 15. Client Address Y VARCHAR (500) First Holder s Address 16. Client City N VARCHAR (40) First Holder s Address-city .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... IPO Credits Y DECIMAL (18,2) Sum of value credited on account of IPO during reporting period 34. Corporate Action Credits Y DECIMAL (18,2) Sum of value credited on account of Corporate Actions during reporting period 35. Corporate Action Debits Y DECIMAL (18,2) Sum of value debited on account of Corporate Actions during reporting period 36. Dematerialized Credits Y DECIMAL (18,2) Sum of value dematerialized (Credit) during reporting period 37. Rematerialized Debits Y DECIMAL (18,2) Sum of value rematerialized (Debit) during reporting period 38. Pledge Invocation Credits Y DECIMAL (18,2) Sum of value credited on account of Pledge Invocation during reporting period 39. Pledge Invocation Debits Y DECIMAL (18,2) Sum of value debited .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... Short Term L Long Term 15. Units Y DECIMAL (18,3) Units sold or transferred. Refer Guidelines. 16. Unit Sale price Y DECIMAL (18,2) Estimated Sale price per unit. 17. Sale Consideration Y DECIMAL (18,2) Estimated Sale Consideration. Refer Guidelines 18. COA Y DECIMAL (18,2) Estimated Cost of acquisition without indexation. Refer Guidelines. 19. Unit FMV Y DECIMAL (18,2) FMV per unit as on 31.01.2018. Refer Guidelines 20. Total FMV Y DECIMAL (18,2) Total FMV as on 31.01.2018. Refer Guidelines 21. Adjusted FMV N DECIMAL (18,2) If the long term capital asset was acquired before 01.02.2018, Lower of Sale Consideration and Total FMV. Refer Guidelines 22. Adjusted COA N DECIMA .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... Unique Security Code (e.g. ISIN) 17. Security Name Y VARCHAR (200) Name of Security 18. Quantity transferred Y DECIMAL (18,3) 19. Reported Consideration N DECIMAL (18,2) Consideration reported during transfer 20. EOD Price per unit Y DECIMAL (18,2) Per Unit End of day price 21. EOD Value Y DECIMAL (18,2) Estimated Transaction Value (End of day price) 22. Reason code Y VARCHAR (3) Reason Code. Refer permissible values 23. Reason Y VARCHAR (500) Reason Note: Refer Guidelines for preparation of SFT for more details Permissible Values - Statement Type # Code Description 1. NB New Batch (Statement) containing new information .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... 7. DUE Meeting Legitimate Dues of Stock Broker 8. ERR Erroneous Transfer pertaining to Client Securities 9. ESP ESOP/Transfer to employee 10. FAM Transfer between specified family members 11. FPM Transfers from PMS account 12. GFT Gift/Donation 13. MGR Margin returned by stock broker / PCM 14. MGT Margin to stock broker / PCM 15. MIN Transfer between Minor Account and Guardian Account 16. MRG Merger/ Demerger of corporate entity 17. OFS Off-market Sale 18. ONS On-market Sale (Transfer towards Pay-in) 19. OOA Open Offer for Acquisition 20. OOB Open Offer/Buy-back 21. ORD Implem .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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..... 26. Punjab PN 27. Rajasthan RJ 28. Sikkim SK 29. Tamil Nadu TN 30. Telangana TS 31. Tripura TR 32. Uttar Pradesh UP 33. West Bengal WB 34. Ladakh LA 35. Chhattisgarh CG 36. Uttarakhand UK 37. Jharkhand JH Table - Capital Gain Index Chart Financial Year Cost Inflation Index (CII) 2001-02 (Base year) 100 2002-03 105 2003-04 109 2004-05 113 2005-06 117 2006-07 122 2007-08 129 2008-09 137 2009-10 .....

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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions - 03 of 2021 - Income Tax

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