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MF Received from Mother

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538 Points Joined October 2020
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..
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On 26 April 2024 at 12:29 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
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...
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On 26 April 2024 at 13:08
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Profession Business
28196 Points Joined May 2017
Sec 56( x) 2
exceptions
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On 26 April 2024 at 18:09
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538 Points Joined October 2020
She transferred mutual fund to my name , not money, name changed from my mom to my name , pls. ..
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On 26 April 2024 at 20:06
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299 Points Joined September 2020
Then it will be treated as a Gift and will be exempt
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On 26 April 2024 at 20:35
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Originally posted by : Tapas Samadder
opening quote She transferred mutual fund to my name , not money, name changed from my mom to my name , pls. .. closing quote

Well... I asked about this details.

 

This is gift from mother. So, You can show this under exempt income in ITR.

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On 26 April 2024 at 21:20
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538 Points Joined October 2020
Thanks
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On 26 April 2024 at 23:46

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