An investor experienced a mismatch in capital gains reporting for their Motilal Oswal Nasdaq 100 Fund of Fund. While Kfintech reported the initial investment as Short-Term Capital Gains (STCG) due to a sale within three years, Groww reported all gains as Long-Term Capital Gains (LTCG). The advice given is to trust the Kfintech report for the STCG portion and declare the second investment as LTCG in the Income Tax Return (ITR) without needing to correct the Groww report.
25 August 2025
I invested in the Motilal Oswal Nasdaq 100 Fund of Fund - Direct Plan on 17/11/2021 and 28/05/2021, and sold all units on 10/06/2024. However, the Kfintech report shows the first investment as Short-Term Capital Gains (STCG), whereas the Groww report shows all as Long-Term Capital Gains (LTCG). How should I file my ITR for this?