SFT, reportable accounts, crypto and AIS workflow
Reviewed by CA Nikhil Gupta · Last reviewed 19 July 2026
Classify reportable person/transaction, due diligence, statement, correction and data-reconciliation controls.
Primary authority: Official Act/Rules/Forms repository
Currentness control: Use current statutory provisions, notifications, portal instructions and judgments for the transaction date.
End-to-end control
Person, transaction, income period and governing law.
Section, Rule, Form, Schedule, notification and authority.
Compute, approve, sign, pay and file.
Retain evidence, monitor status and preserve remedy windows.
Finin2min implementation framework
Trigger and scope
Classify reportable person/transaction, due diligence, statement, correction and data-reconciliation controls.
Evidence and control
Create a dated checklist, source pack, computation file, maker-checker approval and filing evidence.
Consequence
The impact can include tax, interest, fee, penalty, prosecution exposure, loss of relief or procedural invalidity.
Transaction application
Identify the actor, event date, governing tax year or reporting period, authority, document version and every cumulative condition. Record why each limb is satisfied, disputed or not applicable.
Authority, consent and execution
Confirm legal capacity, authorised signatory, digital-signature requirements, professional certification and portal credentials before filing or relying on the document.
Evidence and retention checklist
Retain source data, approvals, computations, correspondence, filing acknowledgement, payment record, amended filing history and the version of the governing instrument used.
Limitation, forum and remedies
Do not assume a general limitation period. Check the specific Act, Rule, notification, portal window, condonation power, appeal route and judicial treatment applicable to the event date.
Cross-law overlays
Check GST, FEMA, Companies Act, SEBI/RBI, accounting, treaty and beneficial-ownership implications as applicable.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Official starting point
- www.incometaxindia.gov.in