Question

to keep the record of financial transactions is the fun cation of which department? please answer me ​

Answer 1

Answer:

Finance Teams: Accounting and Reporting Functions

The accounting team is the foundation of a finance department. It manages the preparation of balance sheets,financial statements, cash-flow reports, day-to-day record keeping and reporting, including all payroll, accounts payable and receivable

Answer 2

Answer:

Statement of Financial Transactions (SFT) and ITDREIN

Articles explains about What is Statement Of Financial Transactions (SFT) and ITDREIN, Who is reporting authority to file SFT, Which transactions needs to be reported. How to create ITDREIN, Nature and Value of Transactions to be Reported Under Rule 114E, Reporting format and how to report SFT.

Articles explains about What is Statement Of Financial Transactions (SFT) and ITDREIN, Who is reporting authority to file SFT, Which transactions needs to be reported. How to create ITDREIN, Nature and Value of Transactions to be Reported Under Rule114E, Reporting format and how to report SFT.

ANNUAL INFORMATION RETURN

INTRODUCTION

Section 285BA of the Income Tax requires specified reporting persons to furnish statement of financial transaction. Rule 114E of the Income Tax Rules, 1962 specifies that the statement of financial transaction is furnished in Form No. 61A.

Explanation:

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