Doubt in SFT reporting

Direct Taxation

Sir, is SFT reporting to be done by a private ltd company that has issued shares to a person for 11 lakhs??. the company's turnover is 60 lakhs, so it is a case of non tax audit..

Darshini Pandiarajan

CA Final

★ 5

05-Oct-21 11:32

724

Answers (2)

If there is receipt from any person of an amount aggregating to ten lakh rupees or more in a financial year for acquiring shares (including share application money) issued by the company - Company issuing shares has to report the same.

Yoga Vishnu

CA Final

★ 11K+

06-Oct-21 11:17

Yoga Vishnu

Okay, thank you :)

Thread Starter

Darshini Pandiarajan

CA Final

★ 5

06-Oct-21 14:17