The Central Board of Direct Taxes (CBDT) has removed the limit of Rs. 5,000 for the submission of a Statement of Financial Transactions (SFT) in relation to interest income with effect from January 5, 2023.With the exception of "Jan Dhan Account" holders, the information in SFT must now even include information about account holders earning interest income up to Rs. 5,000.Specific individuals...
