Invest in Mutual fund and Stock ITR

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If you've invested in mutual funds and stocks, even with a salary income, it's crucial to declare these investments and any capital gains or dividends in your Income Tax Return (ITR). Failure to do so could lead to notices from the IT Department. Depending on your income sources and the type of investments, you may need to file ITR-2 or ITR-3 instead of the simpler ITR-1. Always check your Annual Information Statement (AIS) for accurate reporting.

Amandeep Singh

Amandeep Singh (Querist)

26 February 2024 Dear Sir

I have invested Rs.220000/- in Mutual fund Via monthly SiP and some Lumsup amount and invested RS.100000/- in Stock also approximately 6 Transaction in 6 months. Its high value Transaction Can i face any notice issue from IT Department. My earning source from Salary I am regular filling ITR but invest in Stock market First Time. so Please suggest Accordingly.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

26 February 2024 No notice file ITR regularly considering income from investment.

Message likes : 2 times

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

27 February 2024 If you file your ITR and bring all income in the return , then no notice will be levied. Check AIS first.

Message likes : 2 times

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

16 August 2025 For the Financial Year 2024-25 (Assessment Year 2025-26), individuals with income up to ₹50 lakh from salary, one house property, and other sources (including interest income) can file ITR-1, provided they do not have capital gains from mutual funds or stocks. If you have capital gains, dividend income, or interest income from mutual funds, you must file ITR-2. For partners in a firm or individuals with business or professional income along with mutual fund or stock income, ITR-3 is applicable.

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