Anil Rego | Answer |Ask -Follow
Financial Planner - Answered on Dec 10, 2021
I have a query regarding the Long Term Capital Gains for mutual funds.
From the mutual fund website, I have downloaded the capital gains statement for one of my mutual funds.
However, I am a little bit confused regarding the LTCG amount which I should declare in my ITR-2.
Under Section C, the 'long term without index' is Rs 16,714.55. But when declaring LTCG, I have to mention 'Indexed LTCG' based on the year of investment.
I once again thank you for your time.
It is likely that the capital gains are from an equity fund. It may be noted that there is no indexation for capital gains from equity which is why the report captured it as 'long term without indexation'.
Indexation is applicable only if capital gains are from non-equity funds.
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