High value Translation MF investment or note

Dear Sir,

I am a regular filled ITR. in FY 2023-24 I have invest Rs. 220000/- in Mutual funds via SIP and purchase some stocks. so it's high value Transaction or note. can I face any notice from IT department.

please suggest
Replies (3)
Quick Summary
A taxpayer invested £220,000 in mutual funds via SIP and purchased stocks in FY 2023-24. They are concerned if this is considered a high-value transaction that might attract a notice from the IT department, especially as it will appear on their AIS & TIS. The advice given is that £2.20 lakhs is not a huge amount, but it's important to ensure it's reflected correctly and to check for any high-value transaction emails from the department.

No issues,
Rs. 2.20 lakhs is not a huge transaction.

But, This transactions (MF & Stocks) is shown in Your AIS & TIS...
Have you got the high value transaction email from the department
Gross total income...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details