CAPITAL GAIN STATEMENT

The tax filing season is here and if you are a mutual fund investor, it is time when you would need to organize all the information on gains/losses made on your Mutual Fund Investments in the Financial Year 2019-2020.

So, this would require you to generate all your capital gains statement for all your mutual fund investments in one place.

What is Capital Gain Statement?

Capital gain is the profit you earn when you sell an investment in securities like stocks, Bonds, Mutual Funds, real estate, etc. As it is a type of income, capital gains are taxable in the year they are realized i.e. in the financial year when you have made the selling of securities.

So, it becomes very important to know what capital gains you have earned during the particular financial year in order to assess your tax liability and file your tax returns correctly.

How can you get your Capital Gain Statement?

This would require you to visit multiple Mutual Fund websites or their customer care service. In case you are investing via multiple online or offline platforms then you can download the Capital Gains Report from each Mutual Fund house that you have invested in separately.

If you are investing through more than two or more online platforms, you can make use of the consolidated Capital Gains Report mail-back service provided by Registrar and share transfer agents (RTAs) like CAMS and KARVY.

But keep this in mind that this method will only work if you have your email id registered in your Mutual Fund folios.

Investors registered with GIIS financial can get their capital gain statement of mutual fund just by 3 simple steps:

Step 1: Login to website using your login id and password. Sign in

Step 2: Go to the “My tax report” option present in the left hand side.

Step 3: Select the Financial year in the F.Y column and then click on show.

Your capital gain statement of mutual funds will be generated!

For most of us, this is quite a complex task! Even if you are able to understand these statements, the hard work of calculating gains/losses on for all redemptions made in a year can be a serious hassle. Knowing taxation rules isn’t general knowledge, the thought of collecting information & then having that confidence to get this done right can be quite discomfortable.

So GIIS Financial is here to help you to generate your capital gains satement for mutual funds.Reach us now! 

You can use  tools or Our Android App  for Investment, tracking and Asset allocation planning. 

*Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.

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