CBDT Issues SFT Guidelines for Mutual Fund Transactions Reporting by RTAs

The Central Board of Direct Taxes (CBDT) has issued guidelines for submission of the Statement of Financial Transactions (SFT) for Mutual Fund transactions by Registrar and Share Transfer Agents (RTAs) under Section 508(1) of the Income-tax Act, 2025, read with Rule 237 of the Income-tax Rules, 2026.

The notification prescribes the format, procedure, data structure and validation requirements for reporting Mutual Fund transaction information. The SFT data will be used for pre-filling capital gains, income and loss information in taxpayers’ income-tax returns.

All SEBI-registered RTAs are required to prepare the prescribed data files from their internal systems and submit them through the SFTP server using separately communicated login credentials. A Control Statement must also be signed, verified and furnished by the Designated Director. CASansaar