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SFT reporting Mutual fund Shares

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Assistant
155 Points Posted on 21 January 2024
Sir,

kindly advise what is limit in SFT reporting Invest in mutual funds and shares

I have invested Rs. 200000 Lacs in Mutual fund and Rs. 100000 lac in stock. it's high value Transcation ?

Can I received Income tax notice from above Transcation. I am regular fillind ITR but Invest in stock market in first time
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On 21 January 2024 at 17:23 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 21 January 2024
1. I have invested Rs. 200000 Lacs in Mutual fund and Rs. 100000 lac in stock. it's high value Transcation ?

Is this single payment...?!

2. I am regular fillind ITR but Invest in stock market in first time...


Well...

Which form You filed...???
463 Reply
On 21 January 2024 at 21:27
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Accountant
1227 Points Posted on 21 January 2024

All mutual fund transactions will be reported . high value or not, dept willl know it.  Notice, no one can tell . If you have disclosed proper incomes for these investments, no need to worry. 

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On 21 January 2024 at 23:11
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"Do the Right Thing...!!!"
128147 Points Posted on 22 January 2024
@ Mr Sharath Chandra,

All transactions can be done by us. Its also regarded, reported and accounted. But, High value transactions to be came as high value transactions tap.

Also in mutual fund 2lakhs amount is notified as high value transaction.
463 Reply
On 22 January 2024 at 20:02


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