Due date for filing of Form 61A for Reporting Year 2023-24 is 31st May 2024

Section 285BA of the Income-tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction. Below is the list of the reportable transactions:

• Receipt from any person of an amount aggregating to 10 lakh rupees or more in a financial year for acquiring bonds or debentures issued by the company or institution (other than the amount received on account of renewal of the bond or debenture issued by that company).
• Receipt from any person of an amount aggregating to 10 lakh rupees or more in a financial year for acquiring shares (including share application money) issued by the company.
• Buy back of shares from any person (other than the shares bought in the open market) for an amount or value aggregating to 10 lakh rupees or more in a financial year in the case of Listed Companies
• Receipt of cash payment exceeding 2 lakh rupees for sale, by any person, of goods or services of any nature.
• Dividend declared and paid by the Company (Shareholder-wise disclosure)

 

The Statement of Financial Transactions in Form No. 61A shall be furnished on or before 31^st May 2024 for the Reporting year 2023-24.

Please take a note of the above compliance requirement and comply with it. Kindly let us know if you require any assistance in this regard.