Invest in Mutual fund and Stock ITR

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Amandeep Singh (Querist)
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26 February 2024 Dear Sir

I have invested Rs.220000/- in Mutual fund Via monthly SiP and some Lumsup amount and invested RS.100000/- in Stock also approximately 6 Transaction in 6 months. Its high value Transaction Can i face any notice issue from IT Department. My earning source from Salary I am regular filling ITR but invest in Stock market First Time. so Please suggest Accordingly.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 February 2024 No notice file ITR regularly considering income from investment.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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27 February 2024 If you file your ITR and bring all income in the return , then no notice will be levied. Check AIS first.

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Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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16 August 2025 For the Financial Year 2024-25 (Assessment Year 2025-26), individuals with income up to ₹50 lakh from salary, one house property, and other sources (including interest income) can file ITR-1, provided they do not have capital gains from mutual funds or stocks. If you have capital gains, dividend income, or interest income from mutual funds, you must file ITR-2. For partners in a firm or individuals with business or professional income along with mutual fund or stock income, ITR-3 is applicable.

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