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M S Banerjee

Taxation of SIP...
I have some mutual fund (equity funds and debt fund) investments in the form of sip(monthly) in F.Y. 2017-18.My question is which itr form I have to submit and where it will be shown?Please help.
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M S Banerjee
This has reference to my email dt.17.05.18 where you have replied my query.Thanks a lot. So I confirmed that this is not necessary to show the mutual fund investments(other than ELSS) in Itr 1 or 2.Am I correct?
  • May 18, 2018
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Amlan Dutta
Yes you are not required to show investment unless it is ELSS ...if ELSS than investment can be shown under 80C .....
  • May 18, 2018
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Hema Latha

Taxation of Mutual Funds...
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 incom...
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Amlan Dutta
You have not mentioned whether the SIP is into a Equity or non equity Mutual fund . If it is equity mutual fund , again the SIP redemption is very different from a normal equity mutual fund This is owing to the periodic investment nature of SIP'...
  • May 17, 2018
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Shrihari Raghunath Pise

Taxation of Bitcoin /Cryptocurrencies...
Hi sir
My self Shrihari I am full time salary person and part time Bitcoin and crypto currency trader so I want to pay tax on my income fonm trading but confused between which category I can choose my groas receipt is more than 1.5 cr.
And exactly I earn 5 to 7 lac form trading.
If I select 44ad se...
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Amlan Dutta
Since there is no clear guideline on taxation on income generated from Bitcoin and cryptocurrency trading , it is not advisable to use presumptive taxation sections for such incomes ....until there is any clear guidance from the department on how to treat Bitcoin /other cryptocurrency income, it is...
  • May 13, 2018
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