What is Legal Entity Identifier (LEI) ?
The LEI is a 20-digit, alpha-numeric code that identifies legal entities participating in financial transactions. Each LEI is unique and contains reference information that enables simple and quick identification of an entity. As an international standard (based on ISO 17442), all LEI information is openly published and accessible to all.
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The due date for furnishing Statement of Financial Transaction (SFT) for any Financial Year is May 31 of that year e.g for F.Y. 2018-19 it is May 31, 2019.
Communications are being received by the Income Tax Department for furnishing Form 61, Statement of Financial Transactions (Form 61A) / Statement of Reportable Accounts (Form 61B) on the Reporting Portal.
Continue reading Statement of Financial Transaction (SFT / Form 61A) Preliminary Response