LatestAccounting And Audit 14 September 2026
CBDT Mandates Half-Yearly SFT Reporting for Mutual Fund RTAs
CBDT has directed all mutual fund Registrars and Transfer Agents (RTAs) registered under SEBI Section 12(1) to submit half‑yearly Statement of Financial Transactions (SFT) reports. The reported data will be integrated into the Income Tax Return pre‑filling system, reducing manual entry errors and enhancing audit transparency for mutual fund investors.
Key points
- The Central Board of Direct Taxes (CBDT) now requires all RTAs registered under SEBI’s Section 12(1) to submit half‑yearly Statement of Financial Transactions (SFT) reports.
- Data from these SFT filings will be fed directly into the Income Tax Return (ITR) pre‑filling system, helping taxpayers avoid manual entry errors.
- The move aims to tighten statutory audit compliance and improve transparency in mutual fund transactions.
For full details, see the original article.
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