Corrigendum to Notification No.4 of 2021 “Format, Procedure and Guidelines for submission of Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar & Share Transfer Agent”
From 1st April 2023 filing of SFT will be on half yearly basis (earlier it was on Quarterly basis) – Due date to file is 31st October for first half and 30th April for second half year
Big Updates
Corrigendum to Notification No.3. of 2021 “Format, Procedure and Guidelines for submission of SFT for Depository Transactions”
1:From 1st April 2023 filing of SFT will be on half yearly basis (earlier it was on Quarterly basis) – Due date to file is 31st October for first half and 30th April for second half year
2:The Estimated Sale and Purchase Consideration should be determined on Weighted Average Price (earlier it was end of day price)
3:Cost of the acquisition for share allotted through IPO will be arrived using the formula i.e. Number of shares allotted x Per unit price at which share is allotted
4:New flag indication whether the purchase of the security was before 1st February 2018 or after
This development will help the tax payers because AIS will provide accurate data of profit and loss and this data will be equivalent to statements provided by brokers
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