Question ID :
44852
SFT RETURN
A company was listed in the previous year 2024-25 in july month on stock exchange.
Weather we have need to file sft return or not since there is a clause under section 285BA -
Receipt from any person of an amount of aggregating to ten lakh rupees or more in a financial year for acquiring the shares
I have a query weather we need to file the return or there is any exemption for listed companies.
Posted by
GAURAV KUMAR MISHRA
on
May 14, 2025
Filed Under
DIRECT TAXES
Yes, the company is required to file an SFT return under Section 285BA of the Income Tax Act even if it became a listed company in July 2024, as there is no exemption for listed companies under this provision. As per Rule 114E, if the company receives ?10 lakh or more from any person in a financial year for acquiring its shares—including through IPO, private placement, or share application money—it must report the transaction in Form 61A. The listing status does not affect this obligation, and the return must be filed by 31st May following the financial year (for FY 2024–25, by 31st May 2025).
Posted by
SACHIN KUMAR RAI on
May 15, 2025