16 July 2023
My wife is a salaried individual. She started investment in Mutual Fund. In FY 2022-23, she invested through SIP, of Rs. 1000/- month, she invested only Rs. 10,000/- in Mutual Fund in FY 2022-23. She don't sold these mutual fund unit. She is still holding above mutual fund Units in her Mutual Fund A/c. How to show above investment in Mutual Funds in ITR-1. She is filing ITR-1. Now which ITR she has to filed? Or We may continue with ITR-1? Please give your expert advice. With Regards Prem Moolwani
16 July 2023
Continue with ITR 1. No need to declare purchase of MF units in any ITR forms. Only when she redeems the units, she will require to declare its gain in ITR 2.
CAclubindia
