20 July 2022
I have brought forward short term capital losses. On checking the bank account details in income tax login one out of my three accounts shows validation failed due to account pan IFSC linkage. If I file my return with the validation failed account will my return be considered defective and will my losses be eligible to be carried forward?
21 July 2022
UTI ULIP is taxed like any other non-equity fund. Your maturity amount will not be taxed as per you slab rate. You will have to pay long term capital gains tax of 20% with indexation, since your holding period is greater than 3 years. You have to mention the maturity in schedule CG (part B, Point 7) of ITR-2 .
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