My withdrawal

This discussion addresses the tax implications of a significant mutual fund withdrawal made in March 2021. The user, previously filing ITR 4 under presumptive income, needs guidance on the correct Income Tax Return (ITR) form for the current assessment year. The advice provided suggests filing ITR 3 and specifically details how to declare long-term capital gains (LTCG) from equity mutual funds under Schedule 112A and other capital gains in Schedule CG. There's a query regarding the 20% flat rate for LTCG, implying it might not be an equity-based investment.