Section 509 Compliance
Automate SFT Filing for Crypto Exchanges
Daxlo streamlines Statement of Financial Transactions filing under the Income-tax Act, 2025. Upload transaction data, validate against 14 rules, reconcile TDS, and generate filing-ready XML — all in one platform built for India's FIU-IND registered exchanges.
End-to-End Filing Workflow
From CSV upload to XML submission — every step of the SFT filing process, automated and audit-trailed.
Upload transaction data in CSV format with automatic column detection. 14 validation rules catch errors before filing — from PAN format checks to TDS amount verification.
Automatically reconcile TDS deducted at 1% (or 20% for missing PAN) against reported amounts. Identify variances instantly with tolerance-based matching.
Generate filing-ready XML statements in the SFT Form 61A format prescribed by CBDT. Schema-driven generation ensures compliance with the latest format requirements.
Real-time penalty exposure calculator tracks late filing penalties and inaccuracy risks. Stay ahead of deadlines and avoid unnecessary financial exposure.
Section 509 Is Coming. Be Ready.
The Income-tax Act, 2025 mandates Statement of Financial Transactions reporting for all crypto-asset exchanges operating in India. Non-compliance carries significant penalties.
1 April 2026
Enforcement Date
Section 509 obligations take effect for all reporting entities
Rs. 200/day
Late Filing Penalty
Per statement, per day of delay beyond the filing deadline
Rs. 50,000
Per Inaccuracy
For each inaccurate transaction reported in filed statements
How It Works
Four steps from raw transaction data to filed statement.
Upload
Upload your exchange transaction CSV. Daxlo auto-detects columns and maps data types.
Validate
Run 14 validation rules to catch PAN format errors, TDS mismatches, and data anomalies.
Reconcile
Reconcile TDS deductions across all reportable persons with variance identification.
File
Generate schema-compliant XML and submit to the Reporting Portal.
Start Filing Before the Deadline
Join India's FIU-IND registered exchanges that are preparing for Section 509 compliance. Set up your account and run your first validation in minutes.