I have purchase SBI mutual fund Magnum GIFT Plan B in 1992 . Now i want to incash pl. advise the procedure
1. I have income from salary(exceeding 10 Lacs) and interest from savings bank, accrued interest from NSC, Got a gift of residential house from my father worth Rs 6 Lacs and have some short term capital gain (actually loss incurred for this year, but I want to carry forward it to next year).
2. If I want to file income tax return online, should I use ITR2 or ITR4?
3. My dad used to prepare my return and for the last 6/7 years he submitted balance sheet during my return along with ITR1. But if I file my return on ITR2 this year… is there any option to file my balance sheet along with it? If no and if I still want to file my balance sheet how can I do it?
4. Is there any adavantage of filing balance sheet with ITR2?
Nope I bought one a couple of weeks ago. I'm 16. I assume you're in Australia? Cheers
Mr.X has given gift to miss.Y above Rs.50000,is it exempt under income tax act if they both are in promise to marry?
please help me out..