Search results

@unquirer Only if you have to claim grandfathering benefit: official press-release from CBDT,

@ignatiusdidache Excel - always excels. One caveat just in case - I'm speaking of MF SIP transactions. I had like hundreds of those across various schemes. I was able to consolidate those up to Jan 31, 2018 and enter the consolidated details per scheme (basically per ISIN) on Sch 112A. So...

@revealedtruths While this is factually (nearly\)* correct answer and there may be two buckets / accounts within your EPF account moving forward, how they operationalize it would be very interesting and OP @svs1957, I would like to know how your employer / tax consultant / RPFO treated your...

@ignatiusdidache So I've validated this with multiple ITRs in ITR-2 form. You can provide consolidated (need neither transaction-wise, nor scrip-wise) details in Sch 112A for LTCG if acquisition is post Jan-31, 2018. For pre-Jan-31, 2018 acquisitions, you need to provide scrip-wise details in...

@ignatiusdidache Hahaha! You're right, but of course I didn't intend to mean it that way! I meant that most of the equity investors were just lucky to not have to face the nightmare of income tax "reporting" requirements even when there is no tax liability. Were we made aware of such...

@onisim Yes, completely in agreement.

@ignatiusdidache That seems to have been a known issue and flagged as such. I don't know if any action has been taken to resolve it. & that would be rightly so. If you look at the purpose of this schedule, to enable the "right" grandfathering computation, you do need to provide...

@onisim That's an anodyne statement. It applies to any funds or ETFs, generically. It says nothing about actual tracking error of "real" ETFs in India over various spans of time. Tracking error here is much more heavily influenced by price to NAV divergence than by expense ratio. Price to...

@rrk93 Per this official press-release from CBDT, the scrip wise details in the ITR for AY 2020-21 are required to be filled up only for reporting of LTCG for such shares/units which are eligible for the benefit of grandfathering. So prima facie, it looks like you won't need to fill up 112A if...

@thoughtlessdepth Same here. But not since.

@onagooddaydevout Oh, ok, then this makes complete sense. Thank you.

@onagooddaydevout Good work. (In my mind, it is too early for this analysis though!) One suggestion. I suspect that for column spx_inr_perc_change, 0% should not be for 28th Apr, but for 27th Apr. (You've taken the cell for 28th Apr as reference and thus measured % change from there...

@nischansr I just checked dividend history for several ETFs on their individual pages.

I stand corrected. 1) Not all ETFs in India pay dividends. Most don't. 2) Those that do, do so very irregularly and have been reducing the payout frequency of late. (example.) I expect this behaviour to continue in the current tax regime.

@nischansr Very good point indeed. Yes, ETFs pay out dividends which are taxable. This in itself is a strong factor against ETF (at least for those holding a large corpus.)

@onisim There is end-point bias in such comparisons. That is the point behind doing actual analysis. Again, that's the factor r/additional_trouble seems to be calling out. Just replace the word "expense ratio" with "liquidity" and look at this statement for ETFs (which too are offered by...