LTCG
- TDS on MF redemption for NRIs (Section 195)
Section 195 requires TDS on all MF redemption proceeds for NRI investors in India. Rates, DTAA relief, Form 15CA/15CB, and refund claim procedures explained.
- Taxation of SWP withdrawals from mutual funds
Each SWP (Systematic Withdrawal Plan) instalment is a partial redemption. FIFO determines which units are sold, and each lot's holding period determines STCG vs LTCG treatment.
- Taxation of STP transactions in mutual funds
Each STP transfer is a partial redemption from the source fund (taxable) and a fresh purchase in the target fund (new holding period). FIFO, STCG/LTCG, and set-off rules explained.
- Taxation of SIPs (FIFO method)
Each SIP instalment is a separate lot with its own acquisition date. Redemptions are assigned to the earliest lots first (FIFO). Holding-period and gain calculation explained.
- Taxation of international funds in India
International mutual funds investing primarily in overseas equity are treated as specified MFs from 1 April 2023: all gains taxed at slab rates. Older units retain LTCG with indexation.
- Taxation of hybrid mutual funds in India
Tax treatment of hybrid mutual funds in India depends on whether equity allocation exceeds 65% (equity-oriented) or 35% (specified MF). Finance Act 2023 and 2024 changes explained.
- Taxation of gold ETFs and silver ETFs in India
Gold ETFs and silver ETFs are classified as specified mutual funds from 1 April 2023. All gains on new units are taxed at slab rates. Pre-2023 units retain 20% LTCG with indexation.
- Taxation of Fund of Funds (revised 2024)
Finance Act 2024 harmonised FoF taxation: domestic equity FoFs investing 90%+ in equity-oriented funds now qualify as equity-oriented. Other FoFs remain slab-rate specified MFs.
- Taxation of equity mutual funds in India
Comprehensive guide to equity mutual fund taxation in India: STCG at 20%, LTCG at 12.5% under Finance Act 2024, STT requirement, grandfathering, ELSS, and dividend (IDCW) treatment.
- Taxation of debt mutual funds (post-April 2023)
India's debt mutual fund tax regime changed fundamentally from 1 April 2023: indexation and the 20% LTCG rate were abolished; all gains are now taxed at slab rates regardless of holding period.
- Section 80C deduction for ELSS
ELSS (Equity-Linked Savings Scheme) investments up to Rs 1.5 lakh per year qualify for Section 80C deduction. Three-year lock-in, equity-fund LTCG on exit, and 2024 rates explained.
- MF switch as a taxable event
Switching between mutual fund schemes, plans, or options is treated as a redemption from the source fund followed by a fresh purchase in the destination fund. Capital gains crystallise at the switch.
- LTCG on equity mutual funds (Section 112A)
Section 112A taxes long-term capital gains on equity-oriented mutual funds at 12.5% above Rs 1.25 lakh (Finance Act 2024). Grandfathering, no indexation, and carry-forward rules.
- ITR-ready capital gains statement for mutual funds
The ITR-ready capital gains statement is a tax computation document generated by CAMS, KFintech, or MFCentral that calculates STCG and LTCG from mutual fund redemptions using the FIFO method, formatted for direct use in Schedule CG of Indian income-tax returns.
- How to file ITR-2 with Zerodha capital gains
Step-by-step guide to filing ITR-2 for AY 2025-26 using the capital gains statement downloaded from Zerodha Console, covering Schedule CG, Schedule 112A, and Finance Act 2024 rate changes.
- How to download the capital gains statement on Zerodha
Step-by-step guide to downloading the structured capital gains statement from Zerodha Console for equity delivery trades, including Finance Act 2024 rate changes.
- How to do tax-loss harvesting on Zerodha at year-end
Step-by-step guide to identifying unrealised losses in Zerodha holdings, executing tax-loss harvesting trades before 31 March, and reporting harvested losses in ITR-2 or ITR-3 to reduce capital gains tax liability.
- How to compute LTCG with grandfathering on Zerodha
Step-by-step guide to applying the grandfathering rule for long-term capital gains on listed equity held before 31 January 2018, using Zerodha Console data and Schedule 112A of ITR-2 or ITR-3.
- Holding-period statement for mutual funds
A mutual fund holding-period statement lists each lot of units held in a folio with its purchase date, purchase NAV, units held, and holding period to date, helping investors identify which units qualify for long-term capital gains treatment before making a redemption decision.
- Grandfathering of LTCG on equity MFs (31 January 2018)
The 31 January 2018 grandfathering provision under Section 55(2)(ac) shields pre-2018 equity mutual fund gains from LTCG tax. Computation method, NAV lookup, and worked examples.
- Debt mutual fund indexation removal, Finance Act 2023
The Finance Act 2023 (for FY2023-24) removed the indexation benefit and concessional 20 percent long-term capital gains tax rate on debt mutual funds, taxing all gains from such funds at the investor's slab rate irrespective of holding period.
- CAMS and KFin capital gains statement for mutual funds
The CAMS and KFin capital gains statement is a tax computation report generated by the two major mutual fund RTAs that applies FIFO to compute short-term and long-term capital gains on mutual fund redemptions for any specified date range, used as the primary input for income-tax filings.
- ITR-ready capital gains statement
Zerodha's ITR-ready capital gains statement pre-formats STCG, LTCG, and F&O P&L using FIFO cost allocation to match the schedule fields in ITR-2 and ITR-3.
- ITR-2 (Income Tax Return)
ITR-2 is the Indian income tax return form for resident individuals and HUFs with capital gains but no business or professional income, including equity.
- Grandfathering rule for LTCG
The grandfathering rule for LTCG allows equity investors to use the 31 January 2018 fair market value as the deemed cost of acquisition, reducing taxable.
- Console Tax P&L statement
The Console Tax P&L statement is Zerodha's pre-computed profit and loss report with FIFO cost basis applied, designed for direct use in income tax filing.