POSTED BY July 19, 2012 2:36 pm ONE COMMENTON
What is AIR? And is it applicable for me?
I had made a couple of investments in debt MFs of 2.5 lac each. Payment was through online banking and NOT Cash.
I had also made 15 lac transfer thru online banking to a friend, which he returned with interest (post TDS, Form 16A received) thru online banking after 3 months. The interest has already been shown as income in ITR 2.
I am a salaried Resident individual, Gross Annual income <10 lac and file ITR 2.
2021 © Jagoinvestor.com All Right Reserved
One reply on this article “What is AIR? And is it applicable for MFs over Rs. 2 lac?”
I think they are not required now . http://articles.economictimes.indiatimes.com/2011-05-04/news/29509250_1_fund-tax-payers-high-value-transactions