Wednesday, February 08, 2023

for Income Tax Return (ITR) filing - reference

 https://www.etmoney.com/learn/income-tax/how-to-file-income-tax-return-itr-for-mutual-funds-on-new-tax-portal/

- a good reference for what details are needed, and where what needs to be filled up, for those with Capital gains from Mutual Funds. 

Edit: June 17 -

Apparently it's not a good idea to file before June 15 - https://www.livemint.com/money/personal-finance/why-you-should-avoid-filing-tax-returns-before-15-june-11686674063937.html

And while there is the option of uploading a csv file, in my case, the manual entry of the data needed for each Mutual Fund transaction was the easier way, since some of the data was not directly 1:1 matching in the format the IT department wanted vs the format provided by Kfintech / CAMS in their profit/loss statement. For example, the ASIN information was part of the "fund name" field, we need to copy-paste it out (or write code to check for it and take it out, which would make the process more complex). 

 And also found that Groww (and other such online mutual fund facilitators) provides only profit/loss from the funds purchased through Groww - Kfintech + CAMS statements are needed for the full picture. 

Also, for ease of opening the protected Excel sheets with Google Sheets, the method I used was to download them, open them locally using LibreOffice, then save as .ods or something like that without password protection, and then upload to Google sheets.

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