MF Received from Mother
Tapas Samadder (536 Points)
26 April 2024
Dear Sir, I received mutual fund of Rs 4 lac in fy. 23-24 from my mother, how I show these in my ITR. Pls..
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 April 2024
Sir,
Please elaborate with more details...
Bcoz, Mutual fund is individual name. So, mom paid to You as fund or money.?
Money then no problem and it's straight way keep as gift.
If mutual fund then how it's transfer and details...
Please elaborate with more details...
Bcoz, Mutual fund is individual name. So, mom paid to You as fund or money.?
Money then no problem and it's straight way keep as gift.
If mutual fund then how it's transfer and details...
Tapas Samadder
(536 Points)
Replied 26 April 2024
She transferred mutual fund to my name , not money, name changed from my mom to my name , pls. ..
Vishal Manakshe
(299 Points)
Replied 26 April 2024
Then it will be treated as a Gift and will be exempt
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 April 2024
| Originally posted by : Tapas Samadder | ||
 |
She transferred mutual fund to my name , not money, name changed from my mom to my name , pls. .. |  |
Well... I asked about this details.
This is gift from mother. So, You can show this under exempt income in ITR.
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