Form 61c 2025

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File in electronic format (Form 61A) through the designated portal (). Use digital signatures for authentication. Maintain supporting documents like dividend statements, shareholding proof.
Failure to furnish SFT Further, if no report is furnished even within the extended due date specified in the notice served upon the person, a penalty of Rs 1,000 per day will be levied from the day immediately following the day on which the specified time in the notice expires.
Proof of coverage shall include the name and address of the insured, the insureds federal employer identification number (FEIN), the policy number, dates of insurance coverage, the name and address of the insurer, and the insurers identification number.
WHO NEEDS TO FURNISH SFT IN FORM 61A? Class of persons (reporting person)Nature and Value of Transaction Banks Cash payment of Rs 10 lakh or more for purchase of prepaid RBI instruments (RBI bonds, etc.) Banks Cash deposit/withdrawal aggregating Rs 50 lakh or more from the current a/c of a person11 more rows Jan 4, 2025
Which are the Specified Financial Transactions? Sale, purchase or exchange of goods, right, property, or interest in any property. Works contract. Providing services. Any investment made or expenditure incurred. Accepting any deposit or taking any loan.
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People also ask

A workers comp waiver form is used by employers to release an employee from liability regarding an injury that occurred at work. A workers comp waiver form can save your business time and money by preventing you from having to pay workers compensation premiums.
What is Form 61A? Typically, it is a statement of Specified Financial Transactions or SFT transaction that taxpayers are required to submit to the government for a given financial period. Form 61A is generated under Section 285 BA of the ITA and was earlier known as Annual Information Return or AIR.
Appointment Affidavits (SF-61) Who Submits: All new employees. Purpose: This form is used on your first day of work when you take the Oath of Office. This form is NOT to be completed until you are sworn in. Instructions: Print one copy.

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