CBDT issues revised format, procedure, and guidelines for submission of information relating to capital gains on transfer of listed securities or units of mutual funds for Mutual Fund Transactions bv Registrar & Share Transfer Agent

Central Board of Direct Taxes vide Notification dated 15/11/2023 has issued the format, procedure, and guidelines for submission of information relating to capital gains on transfer of listed securities or units of mutual funds for Mutual Fund Transactions bv Registrar & Share Transfer Agent(RTA). The notification lists various files, file formats, data types for different data fields that need to be reported, and various DQ rules that should be validated by RTA before submission of the data. The following directions are made to RTAs:

1. With effect from 1st April 2023, the statement of financial transactions data shall be submitted on half yearly basis instead of existing quarterly basis i.e. data relating to 1st half of the Financial Year ending 30th September and remaining half of the Financial Year ending on 31st March shall be furnished on or before 31st of October and 30th of April respectively.