Itr3 requirement

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Kkk
1204 Points Posted on 17 December 2020
if a person invest in shares then the investment amount is required to be shown in itr.or at the time of sale its is to be shown for tax calculation
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On 17 December 2020 at 15:24 Report
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This discussion clarifies the requirements for reporting share investments in your Income Tax Return (ITR) 3. It explains that both the initial investment amount and any gains or losses from selling shares must be declared. Furthermore, it addresses the applicability of Section 80C deductions to mutual fund investments, confirming that SIPs and specific 80C-eligible mutual funds can provide tax benefits.

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Tax consultant
5895 Points Posted on 17 December 2020
If the share is redeemed or sale's then the gain or loss arise will be shown in itr
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On 17 December 2020 at 15:58
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Kkk
1204 Points Posted on 17 December 2020
And is 80c applicable on mutual fund investment
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On 17 December 2020 at 16:22
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Tax consultant
5895 Points Posted on 17 December 2020

Sip wise investment  is applicable in 80c and those mutual fund  investment which have written in the cover of getting 80 c deduction will also get tax benifit

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On 17 December 2020 at 16:34

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