This is to be filed between 1st April and 31st May every year. This year it will be filed by 31st May 2017

This is an Annual Return. So required once a year only

a) Issue of Share capital over Rs 10 lakh in that year to any body

b) Sale of Goods / Services to anybody for Rs 2 lakh or more and payment received in Cash

c)

Anybody with Business Turnover Over Rs 2 Crores p.a.

We all know that

New Rule 114E of the income tax rules requires all assessees liable for tax audit u/s 44AB will have to file statement of financial transactions in Form 61A, in case of receipt of cash payment exceeding of Rs. 2,00,000/for sale of goods/services of any nature.