What is a Capital Gains Statement?

A Capital Gains Statement is a structured report that computes the gain or loss on every asset you sold during the year, classifies each as long-term or short-term, applies the applicable tax rate, shows how losses have been set off against gains, and summarises your taxable capital gains income. It is used to fill the capital gains schedules in your ITR.

What is the difference between LTCG and STCG in the Capital Gains Statement?

LTCG (Long-Term Capital Gain) applies when you held an asset beyond the long-term threshold before selling — 12 months for listed equity shares and equity mutual funds, 24 months for real estate and gold. STCG applies when you sold within that period. LTCG on listed equity is taxed at 12.5% above ₹1.25 lakh; STCG on listed equity is taxed at 20%. The statement classifies each transaction automatically based on Buy Date and Sell Date.

What is the grandfathering rule and where does it appear in the statement?

If you bought equity shares or equity mutual fund units on or before 31 January 2018, the cost of acquisition used for LTCG is the higher of your actual purchase price and the asset's fair market value on 31 January 2018, capped at the actual sale price. In the Delivery Settlements sheet, the FMV As on 31/01/2018 column shows this value. When it shows a figure rather than N/A, the Cost of Acquisition has been stepped up, reducing your taxable gain.

How does loss set-off work in the Capital Gains Statement?

The Current Year Capital Loss Adjustment Summary table shows how current-year losses have been absorbed against current-year gains. Short-term capital losses can be set off against both short-term and long-term capital gains. Long-term capital losses can only be set off against long-term capital gains. Unabsorbed losses carry forward for up to eight years, subject to timely ITR filing.

What is the Accrual table of Capital Gains used for?

This table breaks your capital gains down by the five periods across the financial year for Advance tax Calculation. Advance tax is paid in four instalments rather than as a lump sum at filing. The table shows how much taxable capital income arose in each period, which determines how much advance tax was due at each instalment date.

Does the Capital Gains Statement cover real estate and gold?

Yes. The Real Estate sheet covers properties sold during the year, with separate columns for indexed and non-indexed cost of acquisition and cost of improvement. For properties bought before 23 July 2024, the report compares the tax under 12.5% without indexation and 20% with indexation, and records whichever produces the lower liability. The Other Assets sheet covers physical gold, jewellery, and similar assets. Indexation is no longer available for gold and other assets transferred on or after 23 July 2024.

What is FIFO and why does it matter for my capital gains?

FIFO (First In, First Out) is the method used to match your sell transactions to your buy lots when you have purchased the same security at multiple times and prices. The oldest units are treated as sold first. This matters because two lots of the same stock bought at different times can cross the 12-month holding threshold at different points, producing both a long-term and a short-term gain from a single sell transaction. The Delivery Settlements sheet shows each matched lot as a separate row.

What is Capital Gains Statement and how to read it?

Your Capital Gains Statement is the document that translates your investing activity into numbers your ITR actually needs. It takes every sale you made during the year — shares, mutual funds, real estate, gold — and computes the gain or loss on each one, separates long-term from short-term, applies the loss set-off rules, and shows the resulting taxable income by asset type and tax rate.

Most guides about the capital gains statement India investors receive focus on where to download it. This page does something different: it explains every sheet, every column, and every figure — so you can open your Capital Gains Statement for ITR filing and immediately understand what you are looking at.

Taxable Income Summary Sheet

Open the Capital Gains Statement and the first thing you see is the Summary sheet. Every other sheet feeds into this one. Rather than listing individual transactions, the Summary pulls your entire year of investing activity into one consolidated view: total gains, total losses, how losses have been set off, and how income was distributed across the year for advance tax purposes.

The Taxable Income Summary is the first table on the Summary sheet. It gives you two numbers that matter most: what you owe tax on this year, and what losses you can carry forward to future years.

Particular	Taxable Income	Carry Forward Loss
Long Term Capital Gains	₹1,30,69,000
Short Term Capital Gains	₹0

The table has two rows — Long Term Capital Gain and Short Term Capital Gain — each with two columns: Capital Gains (your taxable income for the year after loss set-off) and Carry Forward Loss (any remaining losses that could not be absorbed this year).

The Current Year Capital Loss Adjustment Summary table below shows the step-by-step calculation that produces these final figures.

Capital Gains from Securities

When you sell listed securities — equity shares, mutual fund units, bonds — the report captures every transaction and computes the gain or loss automatically. This section covers three sheets: the Scripwise Delivery Summary, the Delivery Settlements, and the Schedule 198 sheet.

The most important variable in calculating capital gains tax on shares and mutual funds is how long you held the asset before selling. The holding period threshold and the applicable tax rate both vary by asset type, and the report applies these rules automatically to classify every transaction.

Asset	Long-term (held)	LTCG rate	STCG rate
Listed equity shares	> 12 months	12.5% above ₹1.25 lakh	20%
Equity mutual funds / ETFs	> 12 months	12.5% above ₹1.25 lakh	20%
Debt mutual funds (bought on/after 1 Apr 2023)	—	It is deemed to be short term gain, even if you held them for long term.	Slab rate
Debt mutual funds (bought before 1 Apr 2023)	> 24 months	12.5%	Slab rate
Physical gold	> 24 months	12.5%	Slab rate
Gold ETFs (listed)	> 12 months	12.5%	Slab rate
Real estate	> 24 months	12.5%*	Slab rate
Unlisted shares	> 24 months	12.5%	Slab rate

*For real estate, the rate and indexation treatment depend on when the property was purchased. This is covered alongside the Real Estate sheet later on this page. The rates in this table apply to gains arising on or after 23 July 2024. Gains made earlier in the same financial year may have been taxed at the prior rates.

Capital Gains from Real Estate and Other Assets

The Real Estate sheet and the Other Assets sheet follow the same structural logic. Both cover capital gains from assets outside the listed securities world, and both expose columns that only matter for certain asset types or purchase dates.

When you sell an asset held for several years, part of your apparent profit is simply inflation at work — the rupee you paid in 2005 was worth more than the rupee you received back in 2026. Indexation adjusts your original purchase price upward using the Cost Inflation Index (CII), a figure the government publishes each year. A higher indexed cost produces a smaller taxable gain.

Before 23 July 2024, long-term gains on real estate were taxed at 20% with indexation. From that date onward, the default became 12.5% without indexation. For real estate specifically, the choice now depends on when the property was purchased:

Purchased	Rate	Indexation
Before 23 July 2024	Lower of 12.5% without indexation or 20% with indexation	Available, report picks whichever gives lower tax
On or after 23 July 2024	12.5% only	Not available

For gold and most other assets, the indexation option no longer applies regardless of when they were purchased.

Other Charges

Not every cost you pay as an investor attaches neatly to a specific buy or sell transaction. Charges like a buyback application fee or pledging charges have no direct link to any single trade. The Other Charges sheet is where these sit.

Other charges are divided in Directed Expenses and Indirect Expense. Both sections contribute to the totals in the Expenses Summary on the Summary sheet, alongside the per-trade charges already captured in Delivery Settlements.

Direct expenses are charges that arise from your investing activity but cannot be linked to a specific transaction. DP Charges — debited when shares move out of your demat on settlement — are a common example.

Particular	Amount
Auto square-off Charges	₹0
Buy Back Application Charges	₹0
Call Trade Charges	₹200
DP Charges	₹150
Total	₹350

Tax filing intimidates most people not because the rules are impossible to understand, but because no one ever explained what the numbers actually mean. That is what this report does, and what this page tried to do alongside it.

This report is free, built by Quicko. If you want the next step handled too — tax planning to save money, advance tax calculation, tax payment, and ITR filing with all these rules applied automatically