SELLING BANK MUTUAL FUND

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This query is : Resolved

Quick Summary

A client sold equity mutual funds last year but is missing the original purchase dates, making it difficult to determine long-term vs. short-term capital gains. While the AIS report only shows transfer dates, the recommended solution is to obtain a Capital Gains statement from the mutual fund agencies or their registrars like CAMS or KFINTECH. These details should be available even for previous years, and can often be accessed online.

raghavendra b

raghavendra b (Querist)

13 July 2024 DEAR SIR,

ONE OF MY CLIENT SOLD EQUITY ORIENTED MUTUAL FUNDS LAST YEAR. THE PROBLEM IS DATE OF ACQUISTION OF THAT MUTUAL FUNDS REPORT COULD DOWNLOADED FROM THE DEMAT ACCOUNT. SOME OF LONG TERM AND SOME OF SHORT TERM.

IN THE AIS REPORT SHOWING THE DATE OF TRANFER ONLY NOW IN THIS SITUATION HOW TO FIND OUT THE DATE OF PURCHASED FUNDS. MY CLIENT SAYING IT'S WERE PURCHASED IN THE YEAR OF 2020.

NOW HOW TO DECLARE THE TRANSACATIONS

PLEASE CLARIFY ME

THANK YOU

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

13 July 2024 Get Capital Gains statement from the MF agencies, or their registrar i.e. CAMS or KFINTECH. All these details will be available there.

raghavendra b

raghavendra b (Querist)

13 July 2024 THANK YOU FOR YOUR QUICK REPLY,

I HAVE ASKED HIM ABOUT THE THING BUT THERE IS NO DETAILS ABOUT PREVIOUS YEAR.
IF DETAILS DID NOT FOUND NOW WHAT IS THE NEXT SOLUTIONS.

THANK YOU SIR

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

13 July 2024 You can get these details anytime, even online. Without this you can get it from AIS report. Download it.

raghavendra b

raghavendra b (Querist)

13 July 2024 THANK YOU SIR FOR YOUR REPLIES

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

25 August 2024 You are welcome.

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