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Anil

Anil Rego  | Answer  |Ask -

Financial Planner - Answered on Nov 13, 2020

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Lekshminarayanan Question by Lekshminarayanan on Nov 13, 2020Hindi
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I am using ITR 2 because I have LTCG from sale of MF units. My question is: Is it mandatory to fill in the Sec 112 A sheet in the ITR 2 form? In that sheet there is a column called ISIN code and the units that I sold belong to a scheme called UTI MEPUS and UTI does not have an ISIN code for this scheme!!

I emailed UTI asking for the code and they replied they can't help me. What do I do? Fortunately, my profits are long term and in thousands, so no tax liability. Can I skip the CG sheet altogether?

Ans: As per the CBDT, scrip wise details are not required in income tax return forms for AY 2020-21 in cases where one is not eligible for the grandfathering concession. Since your capital gains are smaller, you can file your return without claiming the grandfathering benefit.

Long term capital gains from equity MF are exempt from tax up to Rs 1 lakh in a financial year. Thus, it would not have an impact on your computation either.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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My husband shares everything with his best friend. I understand they are close but I am not comfortable when he shares stuff and private bedroom conversations. Once he was joking about something deeply private I had only told my husband. While I respect friendships, I am uncomfortable when there there is no boundary between his friendship and our marriage. The last time i mentioned this, he said his friendship is older than our marriage and I am overthinking and creating unecessary stress. How do I talk to my husband about this without creating conflict?
Ans: Dear Anonymous,
You are not overthinking. Wanting privacy about your relationship is a reasonable boundary. His friendship might be older than your marriage, your consent to share sensitive information which involves you still applies. And friendship and marriage are two different things, and each has its own place.

The best solution to this situation is to have a conversation, the right time, right place and right way. Pick a time when both of you are calm and relaxed. Frame the conversation around trust, not control. If it sounds like you are asking him to choose marriage over friendship, he might get defensive. So, highlight your emotional safety instead of sounding accusatory that he is making you feel a certain way. Be specific about your boundaries: bedroom talks are off limits, or personal insecurities should not be shared outside of the marriage. Everyone needs someone to vent to, and talking to friends is okay, but not when it makes your partner uncomfortable. Acknowledge that he needs to talk to someone about things, but remain firm about your boundaries. If he still brushes it off, let him know that joking about your private matters hurt your deeply. If nothing else works, I really suggest marriage counseling. Sometimes people need to hear the hard things from others, instead of their partner, to understand it's validity.

Hope this helps.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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