Tax officials hold Vijayawada session on financial transaction statements

Income-tax officials held an awareness programme in Vijayawada on the filing of Statements of Financial Transactions, or SFTs, for registrars, sub-registrars and departmental staff. The programme was organised on Tuesday by officials from the Directorate of Intelligence and Criminal Investigation for Andhra Pradesh and Telangana, Hyderabad, in association with the Assistant Director of Income Tax (I&CI), Vijayawada. Assistant Director of Income Tax R.

Shiva Kumar explained the latest provisions under the Income Tax Act, 2025, and outlined the procedure for filing direct-free SFTs, according to the report. Income-tax inspectors N. Madhusudhana Rao and B.

Shyam Sundar spoke about the need to submit SFTs accurately and without errors. The session focused on the filing process and the requirements officials must follow. District registrars and sub-registrars from NTR and Krishna districts participated in the programme, along with Income Tax officials and staff.

The source material did not provide details of the number of attendees or any decisions taken during the session. Statements of Financial Transactions are part of the information reporting process covered during the programme. The officials’ presentations were intended to improve participants’ understanding of the latest legal provisions and the procedure for submitting the statements.

The event was held in Vijayawada as an awareness initiative involving officials from the two departments and the local income-tax office. No further changes to the filing system or additional deadlines were announced in the material. The programme’s organisers stressed accurate filing, while providing participants with guidance on the provisions and procedures applicable under the 2025 legislation.