file

SFT (STATEMENT OF FINANCIAL TRANSACTIONS) - DIVIDENDS

0:00
↔️ ↕️

Timecodes:

good morning friends

now this is with respect to sft on

demand

dividends that is statement of financial

transactions

to be submitted by the company deducting

tax on dividend distributed and paid

this will be applicable on deemed

dividends as well

as per section 2 subsection 22

of the income tax act 1961

you can refer this section for deemed

dividends or i will cover it in my

next video anyways on monday or tuesday

now sft that is the statement of

financial transaction has to be

submitted quarterly

because with effect from financial year

2020 2021

that is assessment year 2021 2022

dividends are taxable in the hands of


Related queries:


who is required to file form 61a
how to file form 61a