LTCG should i pay or amc pay?

Generally, no LTCG tax is due to the AMC (Asset Management Company). The AMC merely pays out the redemption value of your mutual fund shares and deposits the money to your bank account. It will give a capital gains statement, but it is your responsibility to calculate, report and pay any Long-Term Capital Gains (LTCG) Tax due on the profits when you file your Income Tax Return or advance tax as applicable.

In the case of redemption of equity mutual funds or listed shares, the AMC/brokers usually do not withhold LTCG tax at source for the resident investors. The capital gains statement should be reviewed, the exemption limit and tax rate applied, and the tax liability discharged.

The tax is yours to pay, not the AMC's.

For resident individual investors, mutual fund companies in India do not deduct LTCG tax at source. They provide a capital gains statement but collection happens through your own ITR filing.

How the liability works under Section 112A:
- LTCG on equity mutual funds held more than 12 months is taxed at 12.5%
- The first Rs 1.25 lakh of LTCG in a financial year is EXEMPT
- Only gains above Rs 1.25 lakh attract the 12.5% tax

Before accepting your CA's figure, confirm your original purchase cost (cost of acquisition) from your detailed capital gains statement. The tax depends on actual gain, not redemption amount alone.

If total tax payable exceeds Rs 10,000 for the year, advance tax installments apply. Otherwise settle as self-assessment tax when filing ITR-2 or ITR-3.

This [mutual fund LTCG and taxation guide](https://taxgarden.in/blog/mutual-fund-taxation-india-ay-2026-27) covers the Section 112A computation step by step, including how to reconcile your gains statement.