When an investment (e.g. Stocks, Bonds, Mutual Funds, Real estate) is sold, the profit or loss on such sale is Capital Gains. In such a situation, capital gains are taxable in the financial year in which the trader sells the capital asset. 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. If you are investing in Mutual Funds in a non-Demat form there are multiple ways to get your data of Capital Gains for the financial year. In this case, we will discuss the method to get the consolidated capital gains report from KARVY. Investors investing via more than two platforms and/or investing offline as well can make use of the consolidated Capital Gains statement mail-back service provided by RTAs like CAMS and KARVY.
Steps to Download Consolidated Capital Gains Statement from KARVY
- KARVY Online
Visit the KARVY investor mail-back service for the capital gains website.
- After KARVY Login
After logging in, scroll down and click on the Investor Service tab.
- Capital Gain Mail Option
Moreover, click on the capital gain by mail option.
- Enter the required details
Enter the e-mail ID registered in your investment folios.
Password – This is the password for opening the attachment. You can set it to anything you want.
Choose 1st April 2021 from the date picker and for To Date chooses 31st March 2022 to get the CG Statement for the previous Financial Year.
Once the form is filled, click on the option to submit. You will instantly receive the statement in your mail.
Sample KARVY – Capital Gains Statement
Yes, once you register with your PAN, all your existing investments done through Karvy will be visible on this platform. However, you will not be able to edit/redeem the offline investments through this account.
No, you can invest only in regular plans of mutual funds through this online investment account.
No, this is a one time process. This process is linked to bank account.