Mutual Fund SIP Investment Show in AIS

718 views 3 replies
if Equity Mutual Fund SIP Investment Show in AIS without redemption Transaction.. is it Show in Income Tax Return?
Replies (3)

IF NO REDEMPTION, NO NEED TO DECLARE IN ITR.

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.

SIP Investment: Achieve Your Financial Goals Systematically.

Start a SIP investment and benefit from disciplined, long-term wealth creation with regular, small investments in mutual funds


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register