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Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions
Category: Income Tax, Posted on: 08/05/2021 , Posted By: CA. Vinay Mittal
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DGIT(S)/ADG(S)-2/Reporting Portal/2021/180

Government of India

Ministry of Finance

Central Board of Direct Taxes

Directorate of Income Tax (Systems)

Notification No. 3 of 2021

New Delhi, 30th April, 2021

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction (SFT).

  1. For the purposes of pre-filling the return of income, CBDT has issued Notification No. 16/2021 dated 12.03.2021 to include reporting of information relating to Capital gains on transfer of listed securities or units of Mutual Funds. The new sub rule 5A of rule 114E specifies that the information shall be furnished in such form, at such frequency, and in such manner, as may be specified by the Director General of Income Tax (Systems), with the approval of the Board.

  1. The guidelines for preparation and submission of Statement of Financial Transactions (SFT) information are enclosed in Annexure A and Annexure B respectively. The format of control statement to be submitted by the Designated Director is given in Annexure C. The data structure and validation rules are enclosed in Annexure D and Annexure E respectively. Notification No. 3 of 2018 dated 05.04.2018 may be referred for the procedure for registration.

4. All Depositories as defined in clause (e) of sub-section (1) of section 2 of the Depositories Act, 1996(22 of 1996) are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit the data files using SFTP Server using the login credentials (To be communicated separately).

  1. A separate control statement (refer annexure C) is required to be signed, verified and furnished by the Designated Director.

  1. The statement of financial transactions relating to Financial Year 2020-21 shall be furnished on or before the 31st May 2021. Thereafter, the statement of financial transactions

relating to the quarter ending 30th June, 31st September, 31st December and 31st March shall be furnished on or before 25th of July, October, January and April respectively.

  1. The reporting entities are also required to provide information reported to Income Tax Department, to the account holder which will enable taxpayers to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

1

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

  1. In case, the reporting person/entity comes to know or discovers any inaccuracy in the information provided in the statement or the defects have been communicated to the reporting person/entity, it is required to remove the defects by submitting a correction/deletion statement.

  1. The reporting person/entity is required to document and implement appropriate information security policies and procedures with clearly defined roles and responsibilities to ensure security of submitted information and related information/documents. The reporting person/entity is also required to document and implement appropriate archival and retrieval policies and procedures with clearly defined roles and responsibilities to ensure that submitted information and related information/documents are available promptly to the competent authorities.

  1. This issues with the approval of CBDT. This Notification shall come into effect from the date of issue.

Copy to:

  1. PPS to the Chairman and Members, CBDT, North Block, New Delhi.

  1. All Pr. Chief Commissioners/ Pr. Director Generals of Income Tax and all Chief Commissioners/ Director Generals of Income Tax — with a request to circulate amongst all officers in their regions/ charges.

  1. JS (TPL)-I &2/ Media coordination and Official spokesperson of CBDT

  1. DIT (IT)/ DIT (Audit)/ DIT (Vig.)/ ADG (System) 1, 2, 3, 4, / CIT (CPC) Bangalore, CIT (CPC-TDS) Ghaziabad.

  1. ADG (PR, PP&OL) with a request for advertisement campaign for the Notification.

  1. TPL and ITA Divisions of CBDT.

  1. The Institute of Chartered Accountants of India, IP Estate, New Delhi.

  1. Web Manager, "incometaxindia.gov.in" for hosting on the website.

  1. Database cell for uploading on www.irsofficersonline.gov.in and in DGIT (S) Corner.

10.  ITBA publisher for uploading on [TBA portal.

,

2

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Annexure A

Guidelines for Preparation of Statement of Financial Transactions (SFT)

The guidelines for preparation of Statement of Financial Transactions (SFT) for Depository transactions are as under:

  1. The Depository transaction summary file will be used for pre-filling the gain/income/loss from securities transactions. The Depository Transaction Summary is required to be prepared for user-initiated debit transactions in the demat account. For Off Market debits, information need not be provided if transferor and transferee are same person.

  1. In case of a minor, details of legal or natural guardian (PAN, Name etc.) may be provided.

  1. The Estimated Sale Consideration for the debit transaction should be determined on the best possible available price of the asset with the depository (e.g. end of day price). The taxpayer will be able to modify the sales consideration before filing the return.

  1. The securities should be classified into specified security class for determining the type of asset (short term/long term) and applicable rate.

  1. The period of holding (difference between date of sale and date of acquisition of any share/security in the demat account) should be used to classify the asset as short term or long-term asset. First in First out (FIFO) method should be used for identification of corresponding credit in demat account and computation of period of holding. Any capital asset held by the taxpayer for a period of more than minimum period of holding will be treated as long-term capital asset and remaining assets will be classified as short-term asset. The specified minimum period of holding for different asset class is as under:

Security

Security Class Description

Minimum

Class Code

Period of

Holding

LES

Listed Equity Share

12 months

LPS

Listed Preference Share

12 months

LDB

Listed Debenture

12 months

ZCB

Zero Coupon Bond

12 months

CIB

Listed Capital Indexed Bond

12 months

EMF

Unit of Equity Oriented Mutual Fund

12 months

UTI

Unit of UTI

12 months

UBT

Unit of Business Trust

36 months

OTU

Other Units

36 months

OTH

Other Listed Securities (Other than a unit)

12 months

3

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

  1. For every debit transaction, the corresponding credit transaction should be identified using First in First Out (FIFO) method. The estimated cost of acquisition for the credit should be determined on the best possible available price with the depository. The cost of acquisition can be estimated as per the closing rate on the date (T-2) of transaction for market purchase. The estimated cost of acquisition is to be taken as NIL for OFF Market purchase, IPO or Corporate Action or for any transaction through other than Exchange. The taxpayer will be able to modify the cost of acquisition before filing the return.

  1. In relation to a long-term capital asset, being an equity share in a company or a unit of an equity-oriented fund acquired before the 1st day of February, 2018, adjusted cost of acquisition shall be higher of (i) the cost of acquisition of such asset; and (ii) lower of (A) the fair market value of such asset as on 31st January, 2018; and (B) the full value of consideration received or accruing as a result of the transfer of the capital asset. In a case where the capital asset is listed on any recognized stock exchange as on the 31st day of January, 2018, "fair market value" means the highest price of the capital asset quoted on such exchange on the said date. If there is no trading in such asset on such exchange on the 31st day of January, 2018, the highest price of such asset on such exchange on a date immediately preceding the 31st day of January, 2018 when such asset was traded on such exchange shall be the fair market value. In case the cost of acquisition of asset acquired before the 1st day of February, 2018 is not easily available, the adjusted cost of acquisition may be taken as lower of (A) the fair market value of such asset; and (B) the full value of consideration.

  1. The Cost Inflation Index should be used to determine estimated indexed cost of acquisition wherever applicable.

  1. The details of demat account holders and summary values for the demat account for the reporting period should be reported in Depository Account Summary (DEP_ACC_SUMM.TXT).

  1. The details of off-market transactions recorded by the depository during the year should be reported in Depository Off-Market Transactions (DEP_OFF_TRN.TXT).

4

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Annexure B

Guidelines for Submission of Statement of Financial Transactions (SFT)

  1. Reporting entities are required to prepare the data file in prescribed format from their internal system. Reporting entities are required to submit the data files using SFTP Server using the login credentials (To be communicated separately). A separate control statement (refer Annexure C) is required to be signed, verified and furnished by the Designated Director.

  1. Any file which does not meet the validation requirements will be rejected.

  1. In case Reporting Entity needs to modify uploaded data, Correction Statement is required to be filed. In the Correction Statement, only those records should be uploaded in which correction is required. In case Reporting Entity needs to delete uploaded data, Deletion request is required to be filed.

5

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Annexure C

Control Statement for Depository Transactions

Number of Records Values

A.1

Reporting Entity Name

A.2

ITDREIN

A.3

Registration Number

A.4

Statement Type

A.5

Statement Number

A.6

Original Statement Id

A.7

Reason for Correction

A.8

Statement Date

A.9

Reporting Period Start Date

A.10

Reporting Period End Date

Number of Records

B.1            Depository Batch File (DEP_BATCH.TXT)

B.2            Depository Account Summary (DEP_ACC_SUMM.TXT)

B.3            Depository Transaction Summary (DEP_TRN_SUMM.TXT)

B.4            Depository Off-Market Transaction (DEP_OFF_TRN.TXT)

Sum of Key Values in Rs. (Refer Depository Account Summary)

C.1            Opening Value

C.2            Market Credits

C.3            Market Debits

C.4            Off-Market Credits

C.5            Off-Market Debits

C.6            IPO Credits

C.7            Corporate Action Credits

C.8            Corporate Action Debits

C.9            Dematerialized Credits

C.10          Rematerialized Debits

C.11          Pledge Invocation Credits

C.12          Pledge Invocation Debits

C.13          Closing Value

I, declare that to the best of my knowledge and belief, the information given in the data files is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961.

Name

Designation

6

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Annexure D

Data Structure

The information is required to be uploaded in data file. The data file should be in ASCII format with one report per line. All fields in each file should be delimited with the delimiter “|”. The first record in the file should contain header text.

D.1. Depository Batch File (DEP_BATCH.TXT)

This file contains details of reporting entity, principal officer and files uploaded by the reporting entity

#.

Field Name

Mandatory

Format

Remarks

1.

Reporting

Entity

Y

VARCHAR (150)

Reporting Entity Name

Name

2.

ITDREIN

Y

VARCHAR (20)

Registration

number

allotted by ITD

3.

Registration Number

N

VARCHAR (150)

SEBI

Registration

number

4.

Statement Type

Y

VARCHAR (2)

NB

-  New

Statement

containing

new

information

DB - Deletion Statement

CB

-

Correction

Statement

containing

corrections

for

previously

submitted

information

5.

Statement Number

Y

VARCHAR (20)

Internal

reference

number

for

reporting

entity

6.

Original Statement Id

Y

DECIMAL (18,0)

Statement

ID

of

the

original

Statement

which is being replaced

deleted or

referred

in

the

current

Statement.

In case the Statement is

new

and

unrelated

to

any previous Statement,

mention ‘0’ here.

7.

Reason for Correction

Y

VARCHAR (1)

Reason for revision to be

stated when the original

Statement is corrected.

(Refer

Permissible

values)

7


Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

#.

Field Name

Mandatory

Format

Remarks

8.

Statement Date

Y

DATE

Statement Date DD-

MM-YYYY

9.

Reporting

Period

Y

DATE

First day of the reporting

Start Date

period DD-MM-YYYY

10.

Reporting Period End

Y

DATE

Last day of the reporting

Date

period DD-MM-YYYY

11.

Principal

Officer

Y

VARCHAR (150)

Name

12.

Principal

Officer

Y

VARCHAR (150)

Designation

13.

Principal

Officer

Y

VARCHAR (500)

Address

14.

Principal

Officer

Y

VARCHAR (15)

Mobile

15.

Principal

Officer

Y

VARCHAR (50)

Email

D.2. Depository Account Summary (DEP_ACC_SUMM.TXT)

This file contains details of demat account holders and summary values for the demat account for the reporting period.

#.

Field Name

Mandatory

Format

Remarks

1.

Sequence Number

Y

DECIMAL (18,0)

Running

sequence

number

for each line in the file.

2.

Financial Year

Y

VARCHAR (4)

FY in which sale transaction

was recorded-YYYY

3.

Reporting Period

Y

DATE

Last  day  of  the  reporting

period DD-MM-YYYY

4.

DP ID

Y

VARCHAR (8)

First part of Demat Account

Number

5.

Client ID

Y

VARCHAR (8)

Second

part

of

Demat

Account Number

6.

DP Name

Y

VARCHAR (100)

Depository

Participant's

Name

7.

Client PAN

Y

VARCHAR (10)

First Holder’s PAN.

Mention

PANNOTAVBL if no PAN is

available.

8.

Client Name

Y

VARCHAR (250)

First Holder’s name

8

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

#.

Field Name

Mandatory

Format

Remarks

9.

Client Type

Y

VARCHAR (1)

R - Resident

N- Non-resident

F-FII

Z – Not Classified

10.

Client Status

Y

VARCHAR (1)

M – Minor

O - Other

X- Not Classified

11.

Guardian Name

N

VARCHAR(250)

Mandatory if Client Status is

‘Minor’

12.

Guardian PAN

N

VARCHAR(10)

Mandatory if Client Status is

‘Minor’.

Mention

PANNOTAVBL if no PAN is

available.

13.

Client Aadhaar

N

VARCHAR (12)

First Holder’s Aadhaar

14.

Client DOB

N

DATE

First Holder’s DOB/DOI in DD-

MM-YYYY

15.

Client Address

Y

VARCHAR (500)

First Holder’s Address

16.

Client City

N

VARCHAR (40)

First Holder’s Address-city

17.

Client State code

N

VARCHAR (2)

First Holder’s Address- State

(Refer Permissible Values)

18.

Client Pincode

N

DECIMAL (6,0)

First

Holder’s

Address-

Pincode

19.

Client

Mobile

N

VARCHAR (15)

First Holder’s Mobile Number

Number

20.

Client E-mail ID

N

VARCHAR (100)

First Holder’s E-mail ID

21.

Joint holding

Y

VARCHAR (1)

Whether joint holding exists

(Y/N)

22.

Second Holder PAN

N

VARCHAR (10)

Mandatory if

Joint

holding

exists. Mention NOPANAVBL

if no PAN is available

23.

Second

Holder

N

VARCHAR (250)

Mandatory if

Joint

holding

Name

exists

24.

Second Holder DOB

N

DATE

Second Holder’s DOB/DOI in

DD-MM-YYYY

25.

Third Holder PAN

N

VARCHAR (10)

Mandatory if

Joint

holding

exists. Mention NOPANAVBL

if no PAN is available

26.

Third Holder Name

N

VARCHAR (250)

Mandatory if

Joint

holding

exists

27.

Third Holder DOB

N

DATE

Third

Holder’s

DOB/DOI  in

DD-MM-YYYY

9


Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

#.

Field Name

Mandatory

Format

Remarks

28.

Opening Value

Y

DECIMAL (18,2)

Value of Holding as on first

day of reporting period

29.

Market Credits

Y

DECIMAL (18,2)

Sum  of

Market

Purchases

during reporting period

30.

Market Debits

Y

DECIMAL (18,2)

Sum of Market Sales during

reporting period

31.

Off-Market Credits

Y

DECIMAL (18,2)

Sum of Off-market purchases

during reporting period

32.

Off-Market Debits

Y

DECIMAL (18,2)

Sum  of  Off-market  Sales

during reporting period

33.

IPO Credits

Y

DECIMAL (18,2)

Sum of value credited on

account

of   IPO   during

reporting period

34.

Corporate

Action

Y

DECIMAL (18,2)

Sum  of  value  credited  on

Credits

account of Corporate Actions

during reporting period

35.

Corporate

Action

Y

DECIMAL (18,2)

Sum  of  value  debited  on

Debits

account of Corporate Actions

during reporting period

36.

Dematerialized

Y

DECIMAL (18,2)

Sum of value dematerialized

Credits

(Credit)

during

reporting

period

37.

Rematerialized

Y

DECIMAL (18,2)

Sum of value rematerialized

Debits

(Debit)

during

reporting

period

38.

Pledge

Invocation

Y

DECIMAL (18,2)

Sum  of  value  credited  on

Credits

account of Pledge Invocation

during reporting period

39.

Pledge

Invocation

Y

DECIMAL (18,2)

Sum  of  value  debited  on

Debits

account of Pledge Invocation

during reporting period

40.

Closing Value

Y

DECIMAL (18,2)

Total Value of Holding as on

the  last  day  of  reporting

period

Note: Refer Guidelines for preparation of SFT for more details

10

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

D.3. Depository Transaction Summary (DEP_TRN_SUMM.TXT)

This file shall contain details of security level transaction summary in respect of sales/debits during the reporting period.

#

Field Name

Mand

Format

Remarks

atory

1.

Sequence Number

Y

DECIMAL (18,0)

Running sequence number for each

line in the file.

2.

Financial Year

Y

VARCHAR (4)

FY in which sale transaction was

recorded-YYYY

3.

Reporting Period

Y

DATE

Last day of the reporting period DD-

MM-YYYY

4.

DP ID

Y

VARCHAR (8)

First part of Demat Account Number

5.

Client ID

Y

VARCHAR (8)

Second part of Demat Account

Number

6.

Client PAN

Y

VARCHAR (10)

PAN Validation will be done during

data loading

7.

Client Name

Y

VARCHAR (250)

First Holder’s name

8.

Security Class Code

Y

VARCHAR (3)

Refer Permissible values

9.

Security Code

Y

VARCHAR (12)

Unique security code (e.g. ISIN)

10.

Security Name

Y

VARCHAR (200)

Name of security

11.

Debit Date

Y

DATE

Date of Debit

12.

Debit Type

Y

VARCHAR (1)

Refer Guidelines

M – Market

O – Off Market

13.

Credit Type

Y

VARCHAR (1)

Refer Guidelines

M – Market

O – Off Market

14.

Asset Type

Y

VARCHAR (1)

Refer Guidelines

S – Short Term

L – Long Term

15.

Units

Y

DECIMAL (18,3)

Units sold or transferred. Refer

Guidelines.

16.

Unit Sale price

Y

DECIMAL (18,2)

Estimated Sale price per unit.

17.

Sale Consideration

Y

DECIMAL (18,2)

Estimated Sale Consideration. Refer

Guidelines

18.

COA

Y

DECIMAL (18,2)

Estimated Cost of acquisition without

indexation. Refer Guidelines.

19.

Unit FMV

Y

DECIMAL (18,2)

FMV per unit as on 31.01.2018. Refer

Guidelines

20.

Total FMV

Y

DECIMAL (18,2)

Total FMV as on 31.01.2018. Refer

Guidelines

11


Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

#

Field Name

Mand

Format

Remarks

atory

21.

Adjusted FMV

N

DECIMAL (18,2)

If the long term capital asset was

acquired before 01.02.2018, Lower of

Sale Consideration and Total FMV.

Refer Guidelines

22.

Adjusted COA

N

DECIMAL (18,2)

Cost of acquisition without indexation

(higher of COA and Adjusted FMV)

23.

Indexed COA

N

DECIMAL (18,2)

Wherever applicable

Note: Refer Guidelines for preparation of SFT for more details

D.4. Depository Off-Market Transaction (DEP_OFF_TRN.TXT)

This file shall contain details of off-market transactions recorded for a person/client by the depository during the year.

#

Field Name

Mandato

Format

Remarks

ry

1.

Sequence Number

Y

DECIMAL (18,0)

Running sequence number for

each line in the file.

2.

Financial Year

Y

VARCHAR (4)

3.

Reporting Period

Y

DATE

Last day of the reporting period

4.

Transfer Date

Y

DATE

Date format- DD-MM-YYYY

5.

Transferor DP ID

Y

VARCHAR (8)

6.

Transferor Client ID

Y

VARCHAR (8)

7.

Transferor DP Name

Y

VARCHAR (100)

Depository Participant's Name

8.

Transferor PAN

Y

VARCHAR (10)

Mention  PANNOTAVBL if  no

PAN is available.

9.

Transferor Name

Y

VARCHAR (250)

First Holder’s name

10.

Transferee DP ID

Y

VARCHAR (8)

11.

Transferee Client ID

Y

VARCHAR (8)

12.

Transferee DP Name

Y

VARCHAR (100)

13.

Transferee PAN

Y

VARCHAR (10)

14.

Transferee Name

Y

VARCHAR (250)

15.

Security Class Code

VARCHAR (3)

Refer Permissible values

16.

Security Code

Y

VARCHAR (12)

Unique Security Code (e.g. ISIN)

17.

Security Name

Y

VARCHAR (200)

Name of Security

18.

Quantity transferred

Y

DECIMAL (18,3)

19.

Reported

N

DECIMAL (18,2)

Consideration reported during

Consideration

transfer

20.

EOD Price per unit

Y

DECIMAL (18,2)

Per Unit End of day price

21.

EOD Value

Y

DECIMAL (18,2)

Estimated  Transaction  Value

(End of day price)

22.

Reason code

Y

VARCHAR (3)

Reason Code. Refer permissible

values

23.

Reason

Y

VARCHAR (500)

Reason

Note: Refer Guidelines for preparation of SFT for more details

12


Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Permissible Values - Statement Type

#

Code

Description

1.

NB

New Batch (Statement) containing new information

2.

DB

Deletion Batch (Statement)

3.

CB

Correction Batch (Statement) containing corrections for

previously submitted information

Permissible Values - Reason for Correction

#

Code

Description

1.

A

Acknowledgement of original Statement had many errors

which are being resolved

2.

B

Errors in original Statement are being corrected suo-motu

3.

C

The correction report is on account of additional information

being submitted

4.

N

Not applicable as this is a new statement/test data/ there is

no data to report

5.

Z

Other reason

Permissible Values – Security Class Code

#

Security Class Code

Description

1.

LES

Listed Equity Share

2.

LPS

Listed Preference Share

3.

LDB

Listed Debenture

4.

ZCB

Zero Coupon Bond

5.

CIB

Listed Capital Indexed Bond

6.

EMF

Unit of Equity Oriented Mutual Fund

7.

UTI

Unit of UTI

8.

UBT

Unit of Business Trust

9.

OTU

Other Units

10.

OTH

Other Listed Securities (Other than a unit)

13

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Permissible Values – Transaction Reason

#

Reason

Reason Description

Code

1.

ACL

Account Closure

2.

BEN

Trust to Beneficiaries/on HUF dissolution to Karta & Coparceners

3.

CDR

Certificate of Deposit Redemption

4.

DRC

Conversion of Depository Receipt (DR) to underlying securities and

vice versa

5.

CPI

Commercial Paper Issuance

6.

DRW

Dissolution/Restructuring/Winding up of Partnership Firm/Trust

7.

DUE

Meeting Legitimate Dues of Stock Broker

8.

ERR

Erroneous Transfer pertaining to Client Securities

9.

ESP

ESOP/Transfer to employee

10.

FAM

Transfer between specified family members

11.

FPM

Transfers from PMS account

12.

GFT

Gift/Donation

13.

MGR

Margin returned by stock broker / PCM

14.

MGT

Margin to stock broker / PCM

15.

MIN

Transfer between Minor Account and Guardian Account

16.

MRG

Merger/ Demerger of corporate entity

17.

OFS

Off-market Sale

18.

ONS

On-market Sale (Transfer towards Pay-in)

19.

OOA

Open Offer for Acquisition

20.

OOB

Open Offer/Buy-back

21.

ORD

Implementation of Govt./Regulatory Direction/Orders

22.

OWN

Transfer to own account

23.

PAY

Payout - On payments for unpaid securities

24.

PRT

Transfer between Partner and Firm, Director and Company

25.

RED

Redemption of Mutual Fund Units

26.

REF

Refund of securities by IEPF Authority

27.

TPM

Transfers to PMS account

28.

TRP

Transposition - Between joint account of same holders

29.

OTH

Other

30.

ZZZ

Not Specified

14

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Permissible Values - State code

#

State/Union Territories

Code

1.

Andaman and Nicobar

AN

2.

Andhra Pradesh

AP

3.

Arunachal Pradesh

AR

4.

Assam

AS

5.

Bihar

BR

6.

Chandigarh

CH

7.

Dadra and Nagar Haveli

DN

8.

Daman and Diu

DD

9.

Delhi

DL

10.

Goa

GA

11.

Gujarat

GJ

12.

Haryana

HR

13.

Himachal Pradesh

HP

14.

Jammu and Kashmir

JK

15.

Karnataka

KA

16.

Kerala

KL

17.

Lakshadweep

LD

18.

Madhya Pradesh

MP

19.

Maharashtra

MH

20.

Manipur

MN

21.

Meghalaya

ML

22.

Mizoram

MZ

23.

Nagaland

NL

24.

Orissa

OR

25.

Pondicherry

PY

26.

Punjab

PN

27.

Rajasthan

RJ

28.

Sikkim

SK

29.

Tamil Nadu

TN

30.

Telangana

TS

31.

Tripura

TR

32.

Uttar Pradesh

UP

33.

West Bengal

WB

34.

Ladakh

LA

35.

Chhattisgarh

CG

36.

Uttarakhand

UK

37.

Jharkhand

JH

15

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Table - Capital Gain Index Chart

Financial Year

Cost Inflation Index (CII)

2001-02 (Base year)

100

2002-03

105

2003-04

109

2004-05

113

2005-06

117

2006-07

122

2007-08

129

2008-09

137

2009-10

148

2010-11

167

2011-12

184

2012-13

200

2013-14

220

2014-15

240

2015-16

254

2016-17

264

2017-18

272

2018-19

280

2019-20

289

2020-21

301

16

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions

Annexure E

Validation Rules

The errors have been classified in following categories:

Errors

Schema level errors which need to be resolved by user for successful

generation of XML report.

Defects

The reporting entity needs to correct and submit the reports again in the

corrected statement.

Exceptions

The exceptions should be reviewed by the reporting person/entities and if

any information is available, the reporting entity may provide the

information. If any defect is noticed, the reporting entity needs to rectify

the defect by submitting a correction statement.

The validation rules are as under:

S. No.

Error Message

Error Type

File

Rejection

1.

Control Statement Values Mismatch

Error

Y

2.

Sequence Number in Submitted file is not

Error

Y

running sequence number

3.

Account  Summary  Data  not  provided  for

Defect

N

reported transaction

4.

Mandatory Field is blank

Defect

N

5.

Invalid PAN reported

Exception

N

6.

Excessive Value Reported

Exception

N

7.

Mismatch identified after matching data with

Exception

N

other submitted data

17


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