Income TaxArticles

How to capture details of Account Based Report (Part C) for Form No. 61A

Report Generation and Validation Utility for Form 61A helps the Reporting Entity to report data for transactions exceeding a specific amount (as mentioned in the Rule 114E of the Income Tax Rules, 1962) in a financial year.

The step-by-step process to report details for Account-based reporting using the report generation utility (RGU) is as follows:

  1. Download the RGU from reporting portal and run the Utility.
  2. Choose the Statement of Financial Transaction (SFT) Code relevant to Account-Based Reporting (SFT – 003, 004, and SFT – 014).
  3. Enter the Statement Details (Part A).
  4. For entering the details in Part C (Account-based reporting), any of the following methods can be used:
    1. Entering details manually in utility.
    2. Importing the details in utility by using CSVs.

Entering details manually in Utility

  1. Click on Add Row in the Account Details (Part C) tab and fill in the Account details (C.1, C.2, and C.3) in the utility.
  2. To add Person Details related to the account, select the relevant row from the Account Details table and click on

Add Person Details.

  1. Enter the additional Person Details for the selected record which are to be populated.
  2. Add multiple address details for the person by clicking on Add Address Details while entering the personal details.
  3. Click Save to save the details and further validate the data entered. Click Generate to generate the XML.
  4. Save the XML in the desired location, prepare a secured statement package and submit the same using steps to submit the statement XML.

Importing the details in utility by using CSVs

For entering the details in Part C by importing CSV following steps to be followed:

  1. Click on Export Part C Template and save the CSV at the desired location.
  2. Open the CSV file and enter Account Details (C.2) and Account Summary (C.3) along with Person Details (C.4) and one address of that person.
  3. Please use separate rows for entering Person details (C.4) for each person linked with a reportable account. Enter the same report serial number and same account details for all the persons related to a single account.
  4. Once the data is entered in the CSV, save the CSV and import the same in utility by using the Import CSV Part C details button. The entered data is imported in the utility.
  5. Click Save to save the details and further, validate the data entered. Click Generate to generate the XML.
  6. Save the XML in desired location, prepare a secured statement package and submit the same using steps to submit the statement XML.

Important: Multiple addresses of the same person (if any) can only be added manually through utility after importing Part-C CSV.

TaxClue Team

Taxclue is an online news portal for reporting all news, articles, judgments, Circulars, orders, and notifications relating to various corporate and tax laws in India. We use the tagline ‘Simplifying Laws’. Our mission is to Simplify the Laws and make people aware of their rights and duties in relation to tax matters in order to equip them to participate in nation-building. TaxClue is a team of young professionals. We started in December 2016 with the mission of knowledge sharing. TaxClue would like to hear your valuable suggestion. Please write to our editorial team at [email protected]

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