Reporting of information relating to interest income - Format Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income (Abolishing of limit of Rs 5,000/-) - Addendum to Notification 2 of 2021.

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..... a Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 1 of 2023 New Delhi, 05-01-2023 Addendum to Notification 2 of 2021: Format Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income (Abolishing of limit of Rs 5,000/-). Section 285BA of the Income Tax Act, 1961 .....

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..... idelines for Preparation of Statement of Financial Transactions (SFT) mentioned The information is to be reported for all account/deposit holders where cumulative interest exceeds Rs 5,000/ per person in the financial year . 4. The Remarks column at Annexure A is hereby being modified and may be read as The information is to be reported for all account/deposit holders where any interest e .....

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