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Hema Latha
Hi Amlan Ji,

Can you please make a video on How to add income from the redemption of Mutual fund units. For this can we use ITR-1?

Suppose I have redeemed an amount of Rs. 120000/-,which I invested in mutual funds through SIP, which gave me an amount of Rs. 190000/-. That is I got Rs. 70000/- as income from this redemption. Is this Rs. 70000/- is liable for Tax?
If Yes please tell me where this has to be shown in ITR-1.
If No, do I need to show it in ITR-1 as it is less than Rs. 100000/-.

Please clarify.
Thanks
Hema
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