Procedure for Acceptance of Statement of Financial Transactions from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-tax Act. 1961 read with Rule 114E of Income-tax-Rules 1962

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..... s Directorate of Income Tax (Systems) Notification No. 7 of 2017 New Delhi, 30th May, 2017 Procedure for Acceptance of Statement of Financial Transactions from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-tax Act. 1961 read with Rule 114E of Income-tax-Rules 1962 A notification No 1 of 2017 dated January 2017 was issued wherein a detailed Procedure for registrati .....

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..... ital signature of the person specified in sub-rule (7) and in accordance with the data structure specified in this regard by the Principal Director General of Income tax (Systems). The Post Master General or a Registrar or an Inspector General have the option to furnish the statement in a computer readable media, being a Compact Disc or Digital Video Disc (DVD), alongwith verification in Form-V on .....

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..... -FC for acceptance of the statement. The control sheet should be generated from the utility of Form 61A (to be used only by Sub-registrar offices). b. TINFCs will accept the computer media as well as the physical copy of control sheet and issue a temporary receipt. c. Sub-sequent to the validation of the XML file at NSDL e-Gov, provisional receipt / Non Acceptance Memo will be sent to email addr .....

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