Taxation of SIP of equity mutual funds

Income Tax Income from Capital Gains
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1

How to show capital gains of monthly SIP in equity mutual funds.

For example, if appreciation or capital gains of rupees 50, 70, 40,100,150 is there in consecutive 05 months on SIP investment of Rs 5000 each month, then do we need to enter each month capital gains separately in ITR form or else how is it shown in ITR form.

If each capital gain or loss for a particular month has to be entered separately, then it will become a tedious job to fill details for selling mutual fund in which SIP was going on for, say 10 years.

Request if someone can help.

2

Hey @sandeepsood100,

You do not have to report capital gains on a month-wise basis in the ITR. Rather, the correct way is to report them in aggregate.

Simply add up the total sale value and the corresponding purchase value of all units sold during the financial year, and then compute the overall capital gain for the equity mutual fund.

Hope this helps!

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