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Mahendrakumar Kolhe

Taxation of Mutual Funds...
Dear Amlan,

I have below capital gain statement for Mutual fund. I want to know do we need to show this capital gain in ITR2 AY 2018-19. But Gain till 31st Jan 2018 has been grandfathered. can you please explain how this can be tackled?

Thanks in advance. #Makeknowledgefree
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Jitendra B
Amlan Dutta, One query, is it mentioned in IT policy and rules that LTCG from Equity MF and listed stocks should always be mentioned absolute gains and indexation should not be allowed on such gains?
  • July 23, 2018
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Jitendra B
Even my trading broker site is giving LTCG Equity shares gains with indexation. Only thing is they are still making reference to old CII values and not the new CII values.
  • July 23, 2018
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M S Banerjee

Taxation of SIP...
I have some mutual fund (equity funds and debt fund) investments in the form of sip(monthly) in F.Y. 2017-18.My question is which itr form I have to submit and where it will be shown?Please help.
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M S Banerjee
This has reference to my email dt.17.05.18 where you have replied my query.Thanks a lot. So I confirmed that this is not necessary to show the mutual fund investments(other than ELSS) in Itr 1 or 2.Am I correct?
  • May 18, 2018
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Amlan Dutta
Yes you are not required to show investment unless it is ELSS ...if ELSS than investment can be shown under 80C .....
  • May 18, 2018
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Hema Latha

Taxation of Mutual Funds...
Hi Amlan Ji,

Can you please make a video on How to add income from the redemption of Mutual fund units. For this can we use ITR-1?

Suppose I have redeemed an amount of Rs. 120000/-,which I invested in mutual funds through SIP, which gave me an amount of Rs. 190000/-. That is I got Rs. 70000/- as incom...
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Amlan Dutta
You have not mentioned whether the SIP is into a Equity or non equity Mutual fund . If it is equity mutual fund , again the SIP redemption is very different from a normal equity mutual fund This is owing to the periodic investment nature of SIP'...
  • May 17, 2018
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