It return
This query is : Resolved
25 May 2015
In F.Y.14-15, Ive redeemed certain mutual fund units. Is the
redemption amount which I received has to be declared in return form? If yes where to mentioned in return form? Im a salaried, with no other income.
25 May 2015
yes it has to be declared. but in which section of the return it is to be mentioned will depend.
If it is exempt income (on sale of equity scheme units), it should be mentioned in "EI" section. If the total exempted amount exceeds Rs 5000, you need to file ITR2 instead of ITR1.
If the income is not exempted, you need to show it is Capital Gains sheet.
If it is exempt income (on sale of equity scheme units), it should be mentioned in "EI" section. If the total exempted amount exceeds Rs 5000, you need to file ITR2 instead of ITR1.
If the income is not exempted, you need to show it is Capital Gains sheet.
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