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How to show sell of mutual fund

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23 Points Posted on 26 February 2023
I have a sip of Rs 1000 per month since 2014 .This year I withdrawal Rs100000. 00 from my mutual fund. in income tax return how much will be my capital gains or I fill it in icome from other source
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On 26 February 2023 at 16:29 Report
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68 Points Posted on 26 February 2023
It will be treated under the Capital gain head of the total income computation since you are holding the investment in the fund from 2014 all returns shall be taxed at the rate of 10% over and above 100,000/-
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On 26 February 2023 at 17:43
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CFO- at NHTF
58280 Points Posted on 26 February 2023
Sale price - Average cost will be treated as Capital gain.

How many units sold ?

If it comes long term capital gain then it exempt upto 1lac
59 Reply
On 26 February 2023 at 18:30
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Practising CA
8954 Points Posted on 26 February 2023
Request for capital gain report from CAMS AND KFINTECH websites. And follow that only.
30 Reply
On 26 February 2023 at 18:36
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23 Points Posted on 01 March 2023
As per cams my capital gain is Rs 38500.oo only . please tell I have to tax on it or not
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On 01 March 2023 at 13:04
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Practising CA
8954 Points Posted on 01 March 2023

If the sale value and mutual fund scheme is matching, then the capital gains is 38500. Work out estimated Tax computation, so you will know better of your overall tax liability if any

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On 01 March 2023 at 13:35
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CFO- at NHTF
58280 Points Posted on 03 March 2023
@ Sanjay Sinha,

Following FIFO and assuming that it is LTCG and it is exempt
59 Reply
On 03 March 2023 at 07:53


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