The income that any individual earns through the selling of bonds, mutual funds, or stocks is known as capital gains. This income is taxable under the provisions of the IT Act. One should be aware of the total capital gains earned in a fiscal year to assess the tax liability and file income tax returns correctly.
Investors earning capital gains from mutual funds can access the capital gains statement in any of the ways discussed below:
Here are three processes through which investors can easily access their mutual funds capital gains statements:
Individuals who use platforms such as Groww and wonder how to download mutual fund statement from Groww, can access capital gains statements by following these steps:
If an individual is investing via several platforms, then they can get a consolidated mutual fund capital gain statement from RTAs. RTAs (Registrar and Transfer Agents) are SEBI-approved entities that deal with various back-office operations of fund houses, thereby allowing them to focus on investment management activities.
Here’s how to get KARVY capital gains statement for mutual funds:
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Investors will receive the statement in their registered email id.
However, to get access to CAMS capital gains statement for mutual funds, individuals have to follow these steps:
When this email arrives, taxpayers have to enter the password to view their capital gains statement.
Investors using several platforms, both online and offline, will receive their capital gains statement from respective mutual fund houses. They need to follow these steps:
This will be a cumbersome process if an individual has invested in schemes offered by multiple mutual fund houses.
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Investors looking to access their capital gains statement for mutual funds can use any of these methods. However, one should make sure to provide PAN details when downloading the statements from CAMS and KARVY.
Disclaimer: The views expressed in this post are that of the author and not those of Groww.