POSTED BY July 26, 2012 6:03 pm COMMENTS (3)
ONIs it required to declare profit booked on Mutual Fund investments ( redeemed after one year of investment), in IT return, even if it falls under Long Term Capital Gain. (LTCG)
As I understand I will have to mention it under LTCG field with no tax paid.
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Thanks experts for clearing my doubt !
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Thanks Manish for this forum & your articles, which are spreading financial literacy in an effective way.
Please do mention it irrespective of the fact you don’t have to pay tax on it. If your return is picked up in scrutiny, you can always mention that you have mentioned the LTCG in return of income.
Yes you are right. You have to mention it under LTCG field with no tax paid