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MF Received from Mother
Dear Sir, I received mutual fund of Rs 4 lac in fy. 23-24 from my mother, how I show these in my ITR. Pls..
Replies (6)
Quick Summary
Sir,
Please elaborate with more details...
Bcoz, Mutual fund is individual name. So, mom paid to You as fund or money.?
Money then no problem and it's straight way keep as gift.
If mutual fund then how it's transfer and details...
Please elaborate with more details...
Bcoz, Mutual fund is individual name. So, mom paid to You as fund or money.?
Money then no problem and it's straight way keep as gift.
If mutual fund then how it's transfer and details...
Sec 56( x) 2
exceptions
exceptions
She transferred mutual fund to my name , not money, name changed from my mom to my name , pls. ..
Then it will be treated as a Gift and will be exempt
| Originally posted by : Tapas Samadder | ||
 |
She transferred mutual fund to my name , not money, name changed from my mom to my name , pls. .. |  |
Well... I asked about this details.
This is gift from mother. So, You can show this under exempt income in ITR.
Thanks
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