Query regarding FMV of redeemed units of equity oriented mutual fund appearing in AIS

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This discussion clarifies the Fair Market Value (FMV) date for redeemed equity-oriented mutual fund units that appear in an AIS report. The FMV pertains to the date of redemption. For calculating Long Term Capital Gains (LTCG) under Section 112A, it's advisable to use the total sale proceeds or transaction value as reported in the AIS, as this is the figure the tax department will reference.

Meenal Bhasme

Meenal Bhasme (Querist)
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11 June 2025 In AIS of a taxpayer for F.Y. 2021-22, sale of equity oriented mutual fund units is appearing under SFT. The FMV of these units appearing in the AIS relates to which date?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 June 2025 For the date of redemption.

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Meenal Bhasme

Meenal Bhasme (Querist)
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11 June 2025 Thank you very much sir for prompt reply. Where should we consider this FMV of units of equity oriented mutual fund while calculating LTCG u/s 112A?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 June 2025 Better to consider the total sale proceeds/ transaction value as provided in the AIS report; because dept. will consider that figure.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 September 2025 Good luck..

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