AdvertisementThe Income Tax Department’s guidance on Reporting of Specified Financial Transactions (SFT) outlines third-party reporting compliance under sections 508 and 262 of the Income-tax Act, 2025 and Rules 237 to 240 and 159 to 160 of the Income-tax Rules, 2026. Income Tax DepartmentCentral Board of Direct TaxesReporting of Specified Financial TransactionsREPORTING OF SPECIFIED FINANCIAL TRANSACTIONS: THIRD-PARTY COMPLIANCE1. Due date Description 98 30th April & 31st October For reporting non-PAN Specified Financial Transactions. Form 165: Statement of Financial Transactions (SFT)Form 165 is an annual statement containing Specified Financial Transactions of different categories as mentioned in Rule 237 of the Rules. Nature of Transaction Value of Transaction Class of Person (Reporting Person) 1 (a) Payment made in cash for purchase of bank drafts or pay orders or banker’s cheque.