Whether investment in mutual funds should be shown in income tax return by an individual.
If yes, Then where I should show it.
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About mutual funds
Replies (2)
Quick Summary
If the balance sheet is prepared, then it is to be shown on the balance sheet side. If not, then only the income earned I. e dividend should be disclosed in exempt income as dividend from mutual fund is tax free u/s 10(35) of the Act.
Investments
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Asset
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Balance sheet
If redeemed then exempt income to be shown in itr.
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