New Delhi, May 26 (IANS) The Income Tax Department on Friday said that entities/people who have received cash above Rs 2 lakh in 2016-17 fiscal for sale of goods and services need to file Statement of ...

The due date for filing such SFT in Form 61A is May 31. The Central Board of Direct Taxes (CBDT) on Friday issued a clarification on furnishing statements of financial transactions. It said that ...

Every Indian Startup (Unlisted Indian Company) which has raised funds in the FY 2017-18 need to ensure compliance and report the same as a Specified Financial Transaction under section 285BA of the ...