Amended Registrars' Mutual Fund Transaction Data Submission

1. As stated above, beginning April 1, 2023, the registrar and share transfer agents are obligated to submit the statement of financial transactions on a semi-annual basis rather than a quarterly basis.

   For April 2023 to Sep 2023- Due date is 31st Oct 2023

   For Oct 2023 to March 2024- Due date is 30th April

2. Also the minimum period of holding for different assets class is modified as follows
   
   

   Security Class Code	Security Class Description	Minimum period of holding	Remarks
   EMF	Unit of Equity Oriented Mutual Fund	12 months	-
   UTI	Unit of UTI	12 months	Where more than 35% of its total proceeds are invested in equity shares of domestic companies, this information should be provided NOTE: Where not more than 35% of its total proceeds are invested in equity shares of domestic companies, it will be always classified as short term capital asset (Applicable from 01st April 2023)
   OTU	Other units	36 months	Where more than 35% of its total proceeds are invested in equity shares of domestic companies, this information should be provided NOTE: Where not more than 35% of its total proceeds are invested in equity shares of domestic companies, it will be always classified as short term capital asset (Applicable from 01st April 2023)

Source(s): incometaxindia.gov.in