ITD- Mutual fund

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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)

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,


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