Mr. A invest in Mitual Fund since 2009 he withdraw Rs 2500000 on 25th March, 2021.
How to show tax calculation?
Last year he has filled ITR 4 as he is self employed person & showing his income under 44Ad.
In current A. Y. 2021-22 which ITR he need to file?
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My withdrawal
Replies (5)
File ITR 3.
Declare the LT capital gain of Equity MF under 'Schedule 112A'.
For othe CG LT/ST, Fill 'Schedule CG'
Thanks. Let me know LTCG at flat rate @ 20% on 2500000
ITR 3 under Capital gains
Why 20 @ flat rate?
Is it non-equity based investment?
Thank you very much.
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