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:
How to Download Capital Gains Statement for Mutual Funds?
Here are three processes through which investors can easily access their mutual funds capital gains statements:
Online Investment Platforms
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:
- Step 1:Investors have to open the Groww app and then click on the ‘You’ option. This option is located at the bottom right-hand corner.
- Step 2:Now, they need to choose the ‘SIP & Reports’ option and then click on ‘Capital Gain’.
- Step 3: After that, they have to provide the financial year and then tap on ‘Download’. Now, investors can review their capital gain statements.
CAMS and KFin Technologies Limited
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 KFin Technologies Limited capital gains statement for mutual funds:
- Step 1:Investors have to visit the official website of KFin Technologies Limited and click on ‘Mutual Fund Investors’.
- Step 2: Now, they have to make an account (in case they don’t have one).
- Step 3:After this, they have to click on ‘Statements and Reports’, following which they have to select ‘Capital Gains Statements’.
- Step 4:Investors have to choose the ‘Capital Gain Consolidated Statement’ option.
- Step 5: They have to choose ‘Previous FY’ and ‘All Funds’ from the Period and Mutual Fund Category dropdown list. Now they need to provide details such as email ID, password, PAN, and the type of mutual fund.
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:
- Step 1:Individuals need to go to the webpage of CAMS and accept the Terms and Conditions.
- Step 2:Now, they will select ‘Statements’ and tap on ‘Capital Gain/Loss Statement.’
- Step 3:After this, taxpayers have to provide certain details in the required fields. Following this, they have to choose the correct financial year from the ‘Period’ list.
- Step 4:Taxpayers have to enter the email ID that is registered with mutual funds. Now, one has to choose ‘All Funds’ from the list of fund categories.
- Step 5:Finally, one has to tap on ‘Email an encrypted attachment’ and then set a password to access the capital gain statement via mail.
When this email arrives, taxpayers have to enter the password to view theircapital 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:
- Step 1:Investors need to go to the official website of a particular mutual fund house and log in with their credentials.
- Step 2:After logging in successfully, they have to download the capital gains report for mutual funds from the site.
This will be a cumbersome process if an individual has invested in schemes offered by multiple mutual fund houses.
You may also want to know the Top 10 Mutual Fund Houses in India
Final Word
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 KFin Technologies Limited.
Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.
FAQs
Step 1: Go to the CAMS webpage and accept the Terms and Conditions. Step 2: Select 'Statements' and then click on 'Capital Gain/Loss Statement'. Step 3: Enter required details and choose the correct financial year. Step 4: Provide the email ID registered with mutual funds and select 'All Funds' from the category list.
How do you calculate capital gains tax on mutual funds? ›
Long-term capital gains tax on equities funds is 10% plus 4% cess if the gain in a fiscal year exceeds Rs 1 lakh. Long-term capital gains to Rs. 1 lakh are tax-free.
How do I get a full statement of a mutual fund? ›
In respect of mutual fund investors who have registered their e-mail, the respective Mutual Funds send a PDF of account statement within 5 working days after each financial transaction. However, if investors who have NOT registered their e-mail ID will get only the monthly CAS.
How do you calculate capital gains on investment funds? ›
Your capital gain is calculated by subtracting your ACB per unit from the proceeds per unit on the sale of your investment, then multiplied by the number of units sold.
How do you calculate capital gains on a statement? ›
In case of long-term capital gain, capital gain = final sale price - (transfer cost + indexed acquisition cost + indexed house improvement cost).
Do you have to report capital gains on mutual funds? ›
The funds report distributions to shareholders on IRS Form 1099-DIV after the end of each calendar year. For any time during the year you bought or sold shares in a mutual fund, you must report the transaction on your tax return and pay tax on any gains and dividends.
Do you have to pay taxes on mutual funds capital gains? ›
Generally, mutual funds distribute these net capital gains to investors once a year. Capital gains are taxable income, even if you reinvested the money. You'll probably get an IRS Form 1099-DIV in January showing your portion of the fund's capital gains during the previous year.
How do I download a mutual fund statement for tax proof? ›
Step 1: Investors need to go to the official website of a particular mutual fund house and log in with their credentials. Step 2: After logging in successfully, they have to download the capital gains report for mutual funds from the site.
How to get consolidated mutual fund statement for tax proof? ›
Opt for Consolidated Account Statement by clicking on '(CAMS+KFin Technologies Limited+FTAMIL+SBFS)'. Provide details of the registered email and the password which has now been sent to you by CAMS. Specify the period for which you want to know holdings. Click on 'Submit'.
How does a mutual fund statement look like? ›
Transaction details:
First, the name of the scheme in which you have invested. Second, the date on which the transaction has been affected. Third, the net asset value (NAV) will be specified. NAV is the price of one unit of the fund and measures the fund's performance.
Subtract your basis (what you paid) from the realized amount (how much you sold it for) to determine the difference. If you sold your assets for more than you paid, you have a capital gain.
Do you pay capital gains after age 65? ›
This means right now, the law doesn't allow for any exemptions based on your age. Whether you're 65 or 95, seniors must pay capital gains tax where it's due. This can be on the sale of real estate or other investments that have increased in value over their original purchase price, which is known as the 'tax basis'.
How do you avoid capital gains tax on mutual funds? ›
Hold Funds in a Retirement Account
This means you can sell shares of your mutual fund or collect a capital gains distribution without paying the relevant taxes so long as you keep the money in that retirement account. You will ultimately owe any related taxes once you withdraw the money, of course.
What is the tax statement for capital gains? ›
Schedule D is a tax form attached to IRS Form 1040 that reports the gains or losses realized from the sale of capital assets. A capital gains distribution is a payment by a mutual fund or an exchange-traded fund of a portion of the proceeds from the fund's sales of stocks and other assets.
What is the long term capital gains tax on mutual funds? ›
The long term capital gains on mutual funds that invest in debt instruments are taxable at a rate of 20% after indexation. The Cost Inflation Rate is used to perform the indexation. The Cost Inflation Index can be calculated by checking the inflation in the acquisition cost.
Does capital gains go on income statement or balance sheet? ›
Companies report capital gains and their taxes at the end of every period on the Income statement. To conform with the "matching principle" in accounting, each period's "Income statement" pairs capital gains taxes along with the capital gains or losses that brought them.
How much tax do you pay when you sell a mutual fund? ›
Taxes on Mutual Fund Long-Term Capital Gains – Tax Year 2021 (filed in 2022)
| Status of Filer | Single | Married, Filing Separately |
|---|
| 0% | $0 to $40,400 | $0 to $40,400 |
| 15% | $40,401 to $445,850 | $40,401 to $250,800 |
| 20% | $445,851 and higher | $250,801 and higher |
Mar 14, 2022
Mutual funds must distribute any dividends and net realized capital gains earned on their holdings over the prior 12 months, and these distributions are taxable income even if the money is reinvested in shares in the fund.
What is the tax rate on mutual funds with example? ›
For instance, gains from equity funds and hybrid equity-oriented funds are taxed at 15% plus cess and surcharge if they are held for less than one year. If they are held for more than one year, the gains above Rs 1 lakh in a financial year are taxed at 10% plus cess and surcharge.
