Exempt income on redemption of mf/elss
This query is : Resolved
20 June 2012
Whether an exempt Income under section 10(38) of I.T.Act being profit on redemption of MF/ELSS after expiry of 3 years from the date of purchase has to be shown under Exempt Income (i.e. EI ) Schedule in ITR Forms under the Head as Long term capital gain on which STT paid or it apply only related to profit on sale of listed Shares of Companies.
20 June 2012
ALL exempt incomes should be shown in the return.
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