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Mutual Fund SIP Investment Show in AIS

Rana Hitesh (Accountant) (25 Points)

30 November 2021

if Equity Mutual Fund SIP Investment Show in AIS without redemption Transaction.. is it Show in Income Tax Return?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 30 November 2021

IF NO REDEMPTION, NO NEED TO DECLARE IN ITR.

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Time yours funds (business) (2 Points)
Replied 23 June 2023

If you have invested in an Equity Mutual Fund through a Systematic Investment Plan (SIP) and there have been no redemption transactions during the financial year, you would not need to show this investment in your Income Tax Return (ITR). The reason is that investment in mutual funds is considered an asset and not taxable until you sell or redeem the units.

However, it's important to note that any income generated from the mutual fund investment, such as dividends or capital gains, may be subject to tax depending on the prevailing tax laws of your country. In such cases, you would need to include the income earned from the mutual fund investment in your ITR.

Please keep in mind that tax laws can vary from country to country, and it's always recommended to consult with a tax professional or refer to the tax regulations applicable to your specific jurisdiction for accurate and up-to-date information regarding taxation on investments.