Ashok (Not applicable) (86 Points)
14 July 2010Hello
I have invested in mutual fund approximately 3 lakh in last year
Company 1 Mutual Fund : 1 lakh
Company 2 Mutual Fund : 1 lakh
Company 3 Mutual Fund : 50 thousand
Company 4 Mutual Fund : 50 thousand
Do I need to mention this in AIR column as total amount is more than 2 lakh but distibuted across different mutual funds ?
Amir
(Learner)
(4016 Points)
Replied 14 July 2010
Dear Sir,
No need to give this information since one time payment should be at least 2 lakhs or more.
If U invest in same Mutual Fund on different dates keeping each investment below 2 lakhs - then also npo need to give the disclosure in AIR.
Balaji
(Knowledge Seeker)
(317 Points)
Replied 16 July 2010
Dear Amir,
Thanks.Your reply,as usual,is perfect.I've read several "experts" give differing interpretations to the requirement but having discussed personally with Senior I.T.officials,know that you are right.
CAclubindia
