If you are filing your income tax returns for the year 2018-19 and you also have made sell or switch transactions in mutual funds during that year, you are then required to calculate, show and pay your capital gains taxes.
I have been getting questions too about capital gains report for mutual funds.
Now, if you have your email ID mapped to your MF investments, here is a simple way to download your capital gains reports.
The capital gains report are available with CAMS and KFintech. Each of them provides for the AMCs that it serves. (Unfortunately, they don’t offer a consolidated report yet.)
With CAMS, which serves some of the largest AMCs, you can go to this link. and select the Statement of Financial Transactions – for IT Return filing.
When you click, you will come to a new page with a form. In the form, select Previous Year (for FY 2021-22), fill other inputs and click on submit. The report will arrive in your email from where you can download.
For KFintech serviced MFs, use this link . The fields are self explanatory. Note the password requirement as mentioned on the page.
All these reports are served only in PDF formats, so if you have a huge set of transactions, you could have a tough manual task ahead (for you or your CA).
You can also use one of the online platforms for a consolidated capital gains report. In that case, I suggest that you still cross check the numbers once with the RTA reports before filing your tax returns.
Remember, all these reports only tell you the capital gains only. The taxes (including any exemptions) have to be calculated by you.
Any other way you are aware of to deal with the capital gains reports?
it is good info. Which online platform provides the same?
Perfios and Invezta are two platforms where you can get accurate Capital Gains reports by importing CAS i.e. Consolidated Account Statement (it contains trxs from all the 4 mutual fund RTAs i.e. CAMS, Karvy, FT and Sundaram). Once the CAS is imported, you can generate accurate Capital Gains report for any year including previous years.
Use below link to generate the report
Important to note that CAS must be generated with following settings for import of detailed transactions.
a) detailed transaction statement option to be selected
b) select start date as 1st April 1990 and end date as current date
c) Tick the check-box for “include zero balance folios”
1) Other platforms like Kuvera also provide capital gains statement after import of CAS but their reports are not correct for Non Resident Indians as they do not take into account the TDS deducted by the AMC. Invezta and Perfios do this accurately based on CAS imported data.
2) Perfios is a wonderful online platform for easily keeping a track of your entire financial information. Just to clarify that I’m just a happy user of Perfios and not linked to them in any other way 🙂
Perfios demo on youtube
I WANT CAPITAL GAIN STATEMENT FOR LAST FINANCIAL YEAR