I redeemed Long term mutual fund during the year 2021 the capital gain is around 4000 only do i need to show in the ITR or not required
I redeemed Long term mutual fund during the year 2021 the capital gain is around 4000 only do i need to show in the ITR or not required
It is mandatory to be declared, provided your gross total income is above basic exemption limit.
Thanks for the information
Sir I have missed this information for the FY 2020 -2021 how can it be rectified
If it is LTCG over equity MF, then it is tax exempt upto the limit of Rs. 1 lakh, thus there will not be any additional tax liability. As such not possible to file updated return, unless there is any additional tax liability.
CAclubindia
