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TMI BlogFormat, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend incomeX X X X Extracts X X X X X X X X Extracts X X X X ..... ation and submission of Statement of Financial Transactions (SFT) information are enclosed in Annexure A and Annexure B respectively. The data structure and validation rules are enclosed in Annexure C and Annexure D respectively. Notification No. 3 of 2018 Dated 5.04.2018 may be referred for the procedure for registration. 4. Reporting entities are required to prepare the data file in prescribed format from their internal system. An excel based report preparation utility has also been provided to assist small reporting entities in preparing data file. The data files prepared by internal system/report preparation utility should be validated using Text File Validator/Submission Utility. After validation, the text file is required to be compressed, encrypted and signed using the Text File Submission Utility before uploading on the reporting portal (https://report.insight.gov.in/). Reporting entities, having large number of data files, can also submit the data files using SFTP Server (specific request may be made for SFTP upload). 5. The statement of financial transactions shall be furnished on or before the 31 st May, immediately following the financial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payment to one person. 3. Dividend will be the total amount of dividend distributed during the financial year. Annexure B Guidelines for Submission of Statement of Financial Transactions (SFT) 1. Any file which does not meet the validation requirements will be rejected. 2. After upload each upload file will be given unique Statement ID. 3. The file upload status will be as below: Uploaded File- uploaded and pending for processing. Accepted File - accepted after processing. Rejected File - rejected after processing. 4. In case of any error, complete file will be rejected and the rejection reason(s) can be viewed by clicking Rejected link under status column. User need to correct the relevant error(s) and upload the file again. 5. In case Reporting Entity needs to modify uploaded data, Correction Statement is required to be filed. In the Correction Statement, only those reports should be uploaded in which correction is required. Statement ID of the original Statement which is being corrected should be selected while uploading. The Report Serial Number (RSN) along with Original Statement ID will uniquely identify the report w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10. Dividend Num (15) Y Total dividend paid/ credited during the year (rounded off in nearest rupee) Note: The first record in the file should contain header text. There should not be any blank row(s) between reports. Annexure D Validation Rules Upload Level Validations Upload level validation would be done to ascertain that the correct file is being uploaded. The file would be rejected at the upload stage if it does not clear the upload level validations. # Validation Error Message 1. File should not be more than prescribed size File is more than prescribed size (refer User Guide). Please split the file. 2. File name should not have been uploaded earlier (Only for original statement) The file name has already been uploaded earlier. 3. File Name is not in the specified format File Name is not in the specified format. Name of File prepared by the utility sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d viruses. Remove all detected threats and viruses prior to encryption. 10. Failed Virus scan Failed Virus scan. Please scan the file for threats and viruses. Remove all detected threats and viruses prior to encryption. 11. RSN should not be blank (mandatory field) RSN is blank in XX reports 12. RSN length should not be more than 10 RSN length is more than 10 in XX reports 13. RSN field should not contain nonnumeric value. Value in RSN field is nonnumeric in XX reports 14. RSN should not be in exponential (scientific) format. RSN is in exponential (scientific) format in XX reports. 15. Duplicate RSN in file Duplicate RSN in XX reports. 16. FY length should be 4 FY length is not 4 in XX reports 17. FY field should not contain nonnumeric value. Value in FY field is no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Non-numeric value. Value in Dividend field is nonnumeric in XX reports 34. Dividend length should not exceed 15 digits Dividend length exceeds 15 digits in XX reports 35. Dividend should not be in exponential (scientific) format. Dividend is in exponential (scientific) format in XX reports. 36. Duplicate Reports (all fields other than RSN) Duplicate Reports (all fields other than RSN) in XX reports. 37. Failed Original Report Serial Number in Correction/ Deletion Statement Report Serial Number in XX Reports of Correction/ Deletion Statement does not match with the RSN in the Original Statement submitted earlier. 38. Failed Original Report Serial Number in correction/ deletion (after Deletion) Report Serial Number in XX Reports of Correction/ Deletion Statement corresponds to the report already deleted. 39. Report details mentioned in Deletion Statement should match wi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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