A person has a business income and invested only mutual fund. So what form he has to be filed, if he file ITR4 and shows mutual fund as a source of other income there will be any problem?
4 Replies
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 07 August 2019
it should be fine.. hope the business turn over is below 44ad limits
Kapadia Pravin
(17259 Points)
Replied 07 August 2019
Dividend income from equity oriented MF is exempt u/s 10 (35). Why under other sources
ABHIJIT MANNA
(ACCOUNTANT)
(447 Points)
Replied 07 August 2019
Actually I just wanted to know whether ITR4 is correct or not in this situation, that's why I mentioned.
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