Coin MF dividend payout for fy is not mentioned in console tax pnl.
How to check? MF dividend payouts are necessary for filing ITR.
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@siva @TheGouda @Ruchi_Porwal please also note getting LIQUIDBEES statement is a pain each year while filing taxes. The acquisition value, dividends and TDS do not match and has a lot of back and forth with CA.
Nippon mutual fund or karvy mailback service also do not offer statement for demat holdings.
Please find a solution.
As of now, there is no clear data for MF dividend payout available from the AMCs through APIs or reports, but it correctly gets stated in the form 26AS. You can also contact the AMCs and request the dividend statement; they will provide the same irrespective of the holding nature. In case you are facing any difficulties, you can reach out to our support.
This is how the AMCs currently deal with dividend payouts
a. If the dividend is say less than say ₹100* they payout units to the demat/ folio.
b. and if more than ₹100*, then the amount gets created to the bank account.
*(Varies from scheme to scheme as per the AMCs SID.)
We read the unit payout to the Demat account and posted a dividend entry at 0 in the trade book. We don’t get the details in cases where the money gets credited directly to the bank account. However, this is a work in progress as an industrywide enhancement, but it might take some time.
RT&A will not supply dividend details or capital gains with respect to demat mf holdings. One has to fall back on form 26AS and bank a/c statement.
This is a serious lacunae in console and request zerodha to find a solution atleast by next financial year.
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The RTAs and the AMCs are supposed to share this information; if they deny the same, you can escalate to us, and we can help you to communicate with the AMCs and get the statement. That said, yep, we will try and figure out a possible solution if in any way we get this information from the AMCs.