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Filing IT Returns on Fund Investments

Not mandatory to file income tax return for investing in a mutual fund if you don't cross the minimum limit

I started investing in mutual fund 4 months ago. I am not filing income tax return filing as my gross annual income is below ₹2.3 lakhs. My question is-

Is mandatory to file income tax return for investing in mutual fund?
In what circumstances income tax return filing is mandatory?

- Snehashis Das

It is not mandatory to file income tax return for investing in a mutual fund. You will be required to file a return only if your annual income crosses the minimum threshold limit of ₹2,50,000. The income is based on your total earnings from five sources:

Income from salary.
Income from House Property.
Income from Profits and Gains of Business or Profession.
Income from Capital Gains (this would include any gains from selling a mutual fund).
Income from other Sources.

This article was originally published on July 10, 2015.

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