ITD- Mutual fund

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 he she face notice from IT department

please suggest it's any myth or reality
Replies (5)
Quick Summary
This discussion addresses concerns about receiving notices from the IT Department for investing over ₹2.5 Lakhs in mutual funds and stocks. It clarifies that while mutual funds are taxable instruments, simply investing this amount doesn't automatically trigger a notice. The consensus is that filing your Income Tax Return (ITR) is crucial, especially if you've made such investments, even if it's a nil return. If you've consistently filed your ITR and declared all income sources, you're unlikely to face issues.

Thats a puutable instrument and prone to cgt

Yes. It's better to file ITR either nil return or ITR with nil tax if there is investment
I am continuously filed ITR from Since 2020. so any issue will be arise
Then there won't be any issues if all sources of income was declared in ITR
Thank you very much Eswar Reddy Sir,

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details