Manoj Punjabi (Accountant) (257 Points)
30 June 2023Made a Long term capital on mutual fund sales in FY 22-23. total gain is 96000.
Do I have to disclose all details in ITR2 of purchase & sales prize.
Asking this because long term capital gain on mutual funds is exempted up to 1 lac, my gain is below 1 lac. so not taxable.
please guide.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173088 Points)
Replied 30 June 2023
Even if it will not be taxed, but if it is equity base MF transaction, declare it under Schedule 112A. Utility will itself take care of exemption.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
