Showing of mutual fund entries in AIS

I am regularly investing in mutual fund thru sip. one L&T mutual fund portal in which I am investing is taken over by HSBC mutual fund company Some of units are shown as sale of units which are reflected in AIS of income tax portal whereas I have not sold any units.
Is it correct to show sale and how to reflect in itr.
Replies (3)
Quick Summary
If you're seeing unexpected 'sale of units' entries for your mutual fund investments in your AIS, don't worry. This can happen during fund mergers, like the L&T to HSBC transition. Instead of relying solely on AIS, it's best to obtain a capital gains statement directly from the fund's Registrar and Transfer Agent (RTA), such as CAMS or KFintech. Use this official statement to accurately declare your capital gains in your Income Tax Return.

Give appropriate FEEDBACK in AIS
Not necessarily it will be given.

Rather than checking the entries in the AIS for MF investments, generate the capital gains statement from the RTA for the L&T or HSBC MF. MF RTA is usually CAMS or KFintech and both websites provide the capital gains statement for your MF folios. Update ITR based on the capital gains statement.

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