IFSC & MICR Codes - Avoiding high value investments in equity to avoid IT notices. in Personal Finance - If for eg. a person wants to invest Rs 12 Lakhs in an equity stock by doing small multiple transactions ...
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Avoiding high value investments in equity to avoid IT notices.

  1. Avoiding high value investments in equity to avoid IT notices.

    If for eg. a person wants to invest Rs 12 Lakhs in an equity stock by doing small multiple transactions of Rs 99000/- or of Rs 25000/- each, ie not exceeding the upper limit of Rs 1 Lakh in a single purchase in stocks to be reported, then will these transactions be reported as the sum exceeds Rs 10 Lakhs, but as the sum or aggregate is not of Rs 1 Lakh each but of less than Rs 1 Lakh. Please help and guide how to avoid scrutiny.








  2. Hi Praveen,

    As long as your annual income explains the possible savings and investments made and built in equity, you should be fine ....

    Do consult a CA Auditor and look to file returns and include your trades and investments as well in IT Filing ... You can try and use Urbanclap to find a CA Auditor nearby

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