An individual noticed an 'off market credit transaction' for units of an equity-oriented mutual fund on their Annual Information Statement (AIS) with a zero consideration value. They are seeking clarification on the income tax implications as they did not sell these units. Advice was given to file feedback on the AIS as the transaction does not pertain to them.
03 July 2023
"Value of off market credit transactions of unit of equity oriented mutual fund (RTA)" appears on my AIS. Transferor name is mine. Consideration Value is 0 and the status is active. I haven't sold this. What are the income tax implications?