Due Dates SFT — Statement of Financial Transactions (Form 61A)
SFT — Statement of Financial Transactions (Form 61A)
Income-tax Act 2025 s.508 (from tax year 2026-27; earlier s.285BA, Income Tax Act 1961 for tax years before 1 Apr 2026); Rule 114E
Annual filing by reporting entities (banks, mutual funds, registrars, etc.) on high-value transactions under s.508, Income-tax Act 2025 (earlier s.285BA, Income Tax Act 1961); Rule 114E. Due 31 May of the year immediately following the FY.
Due dates and late fees
| FY | Due Date | Late Fee | Note |
|---|---|---|---|
| FY 2024-25 | 31 May 2025 | s.271FA: ₹500/day for first default; ₹1,000/day post-notice | Reporting persons include banks, MFs, registrars, credit-card companies, immovable property registrars. |
| FY 2025-26Current | 31 May 2026 | s.271FA | |
| FY 2026-27 | 31 May 2027 | s.454, Income-tax Act 2025 (earlier s.271FA, Income Tax Act 1961) |
FY-specific notes
FY 2024-25: Reporting persons include banks, MFs, registrars, credit-card companies, immovable property registrars.
CA review
The list of Rule 114E reporting persons and transaction thresholds is periodically expanded — confirm the current entities and reporting limits before advising.