Home > News > Income TaxLast Updated: Nov 27th 2023
The guidelines, format, and procedure for registrar and share transfer agent data submission for mutual fund transactions were amended via a corrigendum to Notification No. 4 of 2021 dated November 15, 2023.
For April 2023 to Sep 2023- Due date is 31st Oct 2023
For Oct 2023 to March 2024- Due date is 30th April
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
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