i have claimed deduction in 80c by investing in specified mutual fund for which lock in period is 3yrs.
Investment made in fy 18-19 & deduction claim ons Section 80C
but i sold that MF in fy 19-20.I have viloated the condition of section 80c now the deduction claim earlier will be withdrawn..
Where to show such deduction withdrawn in ITR?
and under which head?
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Section 80c
Replies (2)
According to me it must be mentioned in the mutual fund documents. Kindly check the documents carefully.
Yes, it should be added back to Income via Head - Income from other sources in which you violated the condition i.e in F.Y 2019-20 and taxable at a normal income tax rate.
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