Sale of Mutual Funds showing in AIS or TIS

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This discussion clarifies how to report the sale of mutual funds shown on your AIS or TIS for tax computation. The advice given is to check your capital gains statement from the fund house, which is usually emailed to your registered address or can be requested directly. This income should be reported under Schedule CG in ITR-2, and the relevant tax rates will depend on the type of capital gain.

ARCHANA

ARCHANA

(Querist)
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15 July 2023 Sir/Mam,

TIS or AIS showing SFT06 Mutual funds Value 1,50,000/- on sale how to calculate this amount of tax in computation. in which head what is the tax rate.

Plz explain mutual funds procedure

Thanking you

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 July 2023 Check the Capital gain statement of the fund house for its details.
Reporting in ITR should be in Schedule CG.

ARCHANA

ARCHANA

(Querist)
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15 July 2023 sir,

Thank you sir for your quick reply where i should ask capital gain statement, mutual funds in bank ,

Pension, Interest and this mutual funds income, which itr form applicable

plz guide me

T

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 July 2023 The fund house are mailing the statement on registered Email account registered in the folio.
Or you can ask the fund house or its registrar for its copy.
File ITR 2.

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ARCHANA

ARCHANA

(Querist)
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15 July 2023 ok thank you sir for your replies

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 July 2023 You are welcome.

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