Procedure for registration and submission of Statement of Financial Transactions(SFT) i.e FORM 61A

Section 285BA of the incopme tax act, 1961 read with rule 114E of the income tax rules, 1962 specifies that SFT required to be furnished in FORM 61A. The nature and value of transactions to be furnished by the reporting person are mentioned under rule 114E. Steps involved for submitting FORM 61A-