Investment made through SIP

Kantilal (Student) (38 Points)

05 February 2022

I am doing SIP every month of Rs 2000/- ICICI Value Discovery Fund Mutual Fund, so I have 1 query

Shall I show the amount paid for SIP in my ITR?

if Yes then under which section i have to show the SIP Investment amount?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185339 Points)
Replied 05 February 2022

No need to disclose the investment in ITR, unless you have to declare Balance sheet with capital account.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 05 February 2022

If it is tax saving instrument then you may show under section 80C ELSS

Kantilal (Student) (38 Points)
Replied 05 February 2022

No it's normal Mutual fund SIP

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 05 February 2022

You may show in assets if ITR-2 is applicable

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