Form SFT-1 2025

Show details

4.8 out of 5

30 votes

The document is a Massachusetts Department of Revenue Form SFT-1, which is an application for a Special Fuels License. It outlines the requirements for new and renewal applications, including fees, identification information, business details, and types of licenses for user-sellers and suppliers of special fuels. The form also includes sections for declaring compliance with state tax laws and provides instructions for submitting the application.

Here's how it works

01. Edit your dealer form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send excise form via email, link, or fax. You can also download it, export it or print it out.

The best way to edit Form SFT-1 in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on documents with our feature-rich and user-friendly PDF editor is easy. Follow the instructions below to complete Form SFT-1 online quickly and easily:

Log in to your account. Log in with your credentials or create a free account to test the product prior to choosing the subscription.
Import a document. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Form SFT-1. Effortlessly add and highlight text, insert images, checkmarks, and symbols, drop new fillable fields, and rearrange or remove pages from your paperwork.
Get the Form SFT-1 accomplished. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other people via a Shareable link or as an email attachment.

Make the most of DocHub, one of the most easy-to-use editors to promptly manage your documentation online!

See more Form SFT-1 versions

We've got more versions of the Form SFT-1 form. Select the right Form SFT-1 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2015	4.8 Satisfied (30 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is sft filing mandatory?

This Statement is filed annually on or before 31st May immediately following the financial year in which the transaction is registered or recorded. However, the SFT in relation to transactions in listed securities and units of mutual funds is required to be filed on half-yearly basis.

What is the penalty for not filing SFT?

Failure to furnish SFT within the due date will result in penal consequences under Section 271FA. The penalty for default can be INR 500 per day.

What happens if sft is not filed?

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.

What is the form 61A?

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.

What is SFT 1?

Statement of Financial Transaction (SFT) provides a reporting mechanism wherein specified entities are required to provide information about material financial transactions to the Income-tax Dept. The Statement of Financial Transaction is furnished in Form 61A as per the provisions of Section 285BA read with Rule 114E.

license renewing

Form sft 1 pdf Form sft 1 instructions Form sft 1 2021 Form sft 1 online

How to reply to sft transaction?

Heres what you should do if you see SFT (Specified Financial Transactions) reflected in your Form 26AS: Step 1: Verify the information: Match the details: Carefully compare the transactions mentioned in Form 26AS with your records. Step 2: Reporting and taxes: Step 3: Potential discrepancies:

What happens if return is not filed?

Interest under Section 234A: If you owe taxes and fail to file your ITR on time, you will be charged an interest of 1% per month on the outstanding tax liability. The longer the delay, the higher the interest penalty.