Banks, Mutual Funds Should Obtain Identification Numbers For Filing SFT

New Delhi: The Income Tax department today said banks, mutual funds and financial institutions should obtain an identification number and file the statement of financial transaction (SFT) by May 31. The entities which are required to furnish SFT under 114E of Income Tax Rules can register with the I-T department and generate Income Tax Reporting Entity Identification Number (ITDREIN), a finance ministry statement said. The number c...