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Sale of sip
i have three SIPs since 2017 and I have done remedeption from the SIPs in april 2021, I have salary income also. what type of ITR suitable for me ITR 1 or 2 to file for A.Y.2022-23 and which part of ITR I can show the sale of securities(SIP). Please also clarify that the same may be exempted from tax or not.
Replies (2)
Quick Summary
1. ITR 2
2. Schedule CG & schedule 112A
3. Its taxable beyond 1 lakh exemption.
Assuming all your SIP's were in equity-oriented mutual funds, LTCG upto 1 lakh are exempt.
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