When an investment (e.g. Stocks, Bonds, Mutual Funds, Real estate), is sold, the profit part of the sale value is called Capital Gains. In such a situation, capital gains are taxable in the year they are realized or in the financial year when you made the sale.
Therefore, in order to assess the tax liability and file the tax returns correctly, the taxpayer needs to know about their earnings from the capital gains during the financial year.
This information is generally contained in a Capital Gains statement for their investments. If you are investing in Mutual Funds in a non-Demat form there are multiple ways to get your Capital Gains statement for the financial year. In this case, we will discuss the method to get the consolidated capital gains report from CAMS.
Investors investing via more than two platforms and/or investing offline as well can make use of the consolidated Capital Gains statement mailback service provided by RTAs like CAMS and KARVY.
What are RTAs
SEBI approves intermediaries such as The Registrar and Transfer Agents. They handle the back-office operations of Mutual Funds so that Mutual Funds can focus on the investment management and other avenues.
The two exceptions to CAMS and KARVY are Franklin MF and Sundaram MF who have their own RTAs. Instead of getting the Capital Gains report from individual Mutual Fund companies, you can also get reports from the RTAs which will contain information of Capital Gains of all the Mutual Fund companies they work with respectively.
If you don’t have any investments with Franklin or Sundaram, you only need to get the Capital Gains report from two places – CAMS and KARVY.
Steps to Download Consolidated Capital Gains Statement from CAMS
- Go to CAMS Investor Mailback Services
Go to the CAMS online webpage. Click on the option to accept T&Cs and then click on “Proceed.”
- Realized Gain Statement
Click on the realized gain statement option.
- Enter the required details
In the case of the time period – choose the default option of the current FY and previous FY.
Enter the e-mail ID registered in the investment folios.
Moreover, PAN is optional but if you provide your PAN number then it will also include those investments under your PAN where you may have not registered your email id.
Lastly, select “All Funds” and “e-mail an encrypted attachment” for the delivery option.
- Consolidated Capital Gains Statement
Enter the password for encrypting the mail. It’ll take approximately 30 minutes until you receive the mail once you submit the form.
You will receive two Capital Gains Statement files in the mail. One for the current FY and one for the previous FY. Typically you would use the previous FY statement since you would be filing returns in June/July for the previous FY. Moreover, both the files can be opened with the same password you had set in earlier.
Sample CAMS – Capital Gains Statement
– Common email id registered across investor’s Mutual Fund investments, serviced by CAMS
– High-speed internet connection in your PC or hand held devices.
No. Due to investor data security reasons such facilities are not offered on myCAMS mobile App. Investor need
to submit a request written request at the CAMS Investor Service Center for the same.
– Notifications messages on transaction confirmations, KYC verifications, etc
– Alerts on Corporate Actions, forthcoming Dividend declarations, current NFOs