Reporting mutual fund gains in ITR-2

Schedule CG section A (short-term) and B (long-term). The AMC capital-gains statement is the source-of-truth.

4 min read · Last reviewed 8 June 2026

The moment you've sold (or switched) any mutual fund units in a financial year, ITR-1 stops being eligible. You'll file ITR-2, which includes Schedule CG for capital gains.

The two main sections

Section A: Short-term capital gains. Lists STCG from equity (taxed at 20%), debt, and other assets. Section 111A applies to listed equity STCG.
Section B: Long-term capital gains. LTCG from equity goes under Section 112A (12.5% above ₹1.25 lakh). LTCG from debt (pre-April-2023 units) goes under Section 112 with indexation.

Where to get the numbers

Your AMC capital-gains statement (available on each AMC's investor portal, or through CAMS / KFintech for multi-AMC consolidation). Issued by 30 June for the previous financial year.
The Consolidated Account Statement (CAS) from CAMS / KFintech doesn't itself compute gains, but lists every transaction for cross-verification.
The Annual Information Statement (AIS) on the income-tax portal — it pre-populates many gains based on AMC reporting.

For equity LTCG: the ISIN-level grid

ITR-2's Schedule 112A asks for a row per scheme (ISIN-level), showing: total sale consideration, total purchase cost, cost adjustment under grandfathering, and the resulting gain. For SIPs, every instalment for that scheme aggregates into one row.

Common mistakes to avoid

Forgetting that switches are taxable events. If you switched ₹10 lakh from a debt fund to an equity fund mid-year, the switch-out is reportable income.
Using sale value − purchase value without applying grandfathering for pre-2018 equity units.
Setting off LTCG against STCG losses — only same-head set-offs are allowed; LTCG can be set off against LT losses, STCG against ST losses.
Missing the ₹1.25 lakh equity LTCG exemption on the first ₹1.25 lakh of gains — claim it explicitly in Schedule 112A.

Filing deadline

For individuals not subject to audit, ITR-2 is due by 31 July of the assessment year. Penalty under Section 234F applies for late filings; interest on tax due under Sections 234A/B/C applies from 1 April of the AY.

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