Applicability of Form 61A - Statement of Financial Transactions (SFT)
Class of persons (reporting person)
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Nature and Value of Transaction
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Bank
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1. Cash payment for purchase of DDs/POs of
amount aggregating Rs 10 lakh or more in a year
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Bank
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2. Cash payment of Rs 10 lakh or more for
purchase of prepaid RBI instruments (RBI bonds, etc.)
|
Bank
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3. Cash deposit/withdrawal aggregating Rs 50
lakh or more from current a/c of a person .
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Banks/Post Master General
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4. Cash deposit aggregating Rs 10 lakh or
more in any one or more accounts of a person (other than current account and
time deposit).
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Banks/Post Master General/Nidhi/NBFC
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One or more time deposits (other than those
through renewal of another time deposit) of a person aggregating Rs 10 lakh
or more
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Banks
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Payment in cash aggregating in a year Rs 1 lakh
or more (in cash) or Rs 10 lakh or more (by any other mode) against credit
card bill issued to a person during the year.
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Any person liable for audit u/s 44AB of the
Act
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Receipt of cash payment exceeding Rs 2 lakh
by any person for sale of goods/services (other than those specified above).
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Company/Institution issuing bonds/debentures
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Receipt aggregating Rs 10 lakh or more in a
year from a person for acquiring bonds/debentures.
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Company issuing shares
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Receipt from a person aggregating Rs 10 lakh
or more for acquiring shares (including share application money).
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Company listed in recognized stock exchange
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Buy back of shares from any person (other
than bought from open market) for an amount aggregating Rs 10 lakh or more.
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Mutual Fund Trustee/Manager
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Receipt from a person aggregating Rs 10 lakh
or more for acquiring units of Mutual Fund.
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Foreign Exchange Dealer
|
Receipt from a person for sale of foreign
currency, including against foreign exchange card or expenditure in such
currency against debit/credit card or issue of travellers cheque or draft
aggregating Rs 10 lakh or more.
|
IG Registration or Registrar/Sub-Registrar
of Property
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Purchase/Sale by any person of immovable
property for Rs. 30 lakh or more or valued by the stamp valuation authority
at Rs 30 lakh or more.
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