Form 61A - Summary
Form 61A PDF is an important document that records Specified Financial Transactions. This statement must be submitted by notified taxpayers for the relevant financial year. Generated under Section 285 BA of the Income Tax Act, 1961, and in accordance with Rule 114E of the Income Tax Rules, 1962, it helps the government track financial activities.
Submission Deadline
This statement for the previous financial year (FY) should be submitted by May 31st every year. If an assessee fails to submit the form on time, the authorities will issue a notice requiring the assessee to file the form within 30 days of the notice date. Should the assessee not respond to this notice, they will be considered in default. In such cases, a penalty of INR 500 per day will be charged, starting from the expiration of the notice period.
How to Download Form 61A PDF
You can easily download the Form 61A in PDF format online from the link given below. Having this document ready is essential for all notified taxpayers to ensure compliance with tax regulations and avoid penalties. 📄