SFT Mutual fund


This query is : Resolved 

Quick Summary
This discussion clarifies concerns about receiving an Income Tax (IT) notice for investing in mutual funds. The general belief that investing over Rs 2.5 Lakhs triggers a notice is a myth. The actual reporting threshold under SFT (Specified Financial Transactions) for mutual funds is Rs 10 Lakhs and above in a financial year. Regular Income Tax Return (ITR) filers are unlikely to face issues, especially if their investments are below this higher threshold.

15 December 2023 Sir,
please suggest a person invested Rs. 3 Lacs in Mutual fund and stocks also. can he face notice from IT department. someone told if any body invest more then Rs. 2 Lacs fifty thousand in one Financial year he she face notice from IT department Mutual fund company report to IT department through SFT please suggest it's any myth or reality.

I am regular Filed ITR from FY 2020-21 2021-22 2022-23


15 December 2023 You are regular filer of ITR you will not receive any notice.
SFT reporting limit is 10 lacs and above.

15 December 2023 Thank you Very much Sir,

15 December 2023 You are welcome...
...


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