New Delhi, May 29 -- The last date for filing Statement of Specified Financial Transactions (SFTs) for financial year 2026-27 is May 31, 2026. Though specified entities are responsible for reporting this information, taxpayers should still verify that all reported SFT transactions align with their declared income and tax returns.

Invalid or missing PAN details, duplicate entries, inaccurate reporting of transactions by banks, mutual funds, and other financial institutions in SFT filings can lead to discrepancies in a taxpayer's income tax records and may later trigger notices or refund delays. Taxpayers can review these reported transactions through the Annual Information Statement (AIS) or Taxpayer Information Summary (TIS) available on...