5 major financial transactions Income Tax Department track via SFT reporting – Non-compliance results in THESE penalties – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/how-banks-and-mutual-funds-report-your-high-value-transactions-to-income-tax-department-3950412/ The details reported in the SFT by banks, mutual funds, registrars, and other institutions are automatically reflected in the taxpayer’s Annual Information Statement