Under SFT, specified institutions are required to furnish the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year
Banks, foreign exchange dealers and other reporting entities have 'couple of days more' to report high-value transactions done by their clients in 2022-23 by filing SFT returns, the I-T department has said.

The last date for filing statement of financial transactions (SFT) for 2022-23 fiscal was May 31.
In a tweet, the I-T department said due to heavy traffic on the reporting portal, some SFT filers may have encountered difficulties in filing SFT returns.

" the functionality for filing of SFT returns will remain open for a couple of days more to enable smooth filing of SFT returns," the tax department tweeted late Wednesday night.