Short answer: Agni Folio Premium has two reports for Indian taxpayers. The Capital Gains report works out short-term (STCG) and long-term (LTCG) gains on Indian shares and mutual funds (and ETFs) for each financial year, applies the right rule for each kind of fund and the ₹1.25 lakh long-term exemption, estimates the tax including cess, and exports to Excel. The Schedule FA report fills the foreign-assets tables of your ITR from the foreign bank accounts, shares, funds, property and crypto you already track, converted at SBI rates. Both are built from your own transaction history, and both are estimates for planning that you or your CA check before filing.
This guide explains what each report covers, how the numbers are worked out, and where the limits are, so you know exactly what to expect.
Who these reports are for
- Investors who file an Indian income tax return and hold Indian shares or mutual funds with one or more brokers and fund houses.
- Resident Indians with foreign assets: US shares bought under LRS, RSUs or ESOPs from an employer abroad, a foreign bank account, property or crypto held overseas. Residents must list these in Schedule FA.
- Families who track several people's money in one login. Each report is worked out for one person at a time, because each person files their own return.
Both reports work out Indian tax, so they appear under Insights only when your default country in Settings is India. Users in other countries don't see them. They are part of Premium.
The Capital Gains report
What it covers
- Indian shares: holdings recorded as stocks, priced in rupees or listed on NSE (
.NS) or BSE (.BO). - Indian mutual funds, index funds and ETFs, including gold and silver ETFs, found by their ISIN (the code starting
INFon your statement) and recorded in rupees. - Every financial year from FY 2018-19, April to March. You switch years from a dropdown.
- Sales in the year (realised gains) and what you still hold (the gain you would make if you sold today).
- One person at a time. It opens on your own (Self) accounts, and a "Whose gains" picker switches to any other account, such as your spouse's. Each person gets their own ₹1.25 lakh allowance.
Not covered: foreign shares, crypto, Indian funds recorded in another currency, and years before FY 2018-19.
How shares are worked out
- Oldest shares sell first (FIFO), the same order the tax rules use.
- Long term means held more than 12 months for shares. Exactly 12 months is still short term.
- Rates follow the sale date. Before 23 July 2024: 15% short-term and 10% long-term. On or after 23 July 2024: 20% short-term and 12.5% long-term.
- Long-term exemption: ₹1 lakh a year, rising to ₹1.25 lakh from FY 2024-25.
- Bonus shares come in at zero cost, and splits change the number of shares, not what you paid.
- Same-day buy and sell (intraday) of shares or ETFs is listed separately, because it is business income, not capital gains.
How mutual funds are worked out
A fund's tax depends on what it holds. The report sorts each fund into one of four types, using the category AMFI publishes for every Indian fund:
- Mostly Indian shares (65% or more), such as equity funds, ELSS, equity index funds and ETFs: taxed exactly like shares, sharing the same ₹1.25 lakh allowance.
- Mostly bonds / debt (more than 65%), such as debt, liquid and gilt funds: units bought on or after 1 April 2023 are always short term, taxed at your slab rate, however long you hold them. This is the "specified mutual fund" rule (Section 50AA for sales up to 31 March 2026, Section 76 of the Income-tax Act 2025 from 1 April 2026), labelled "(debt fund rule)" in the report.
- Gold, silver or overseas, with 35% or less in Indian shares: the same slab-rate rule for units bought on or after 1 April 2023 and sold by 31 March 2025; otherwise the other-fund rules below.
- A mix, with Indian shares between 35% and 65%, such as balanced hybrid funds: always the other-fund rules.
Other-fund rules (also used for debt units bought before 1 April 2023): sold before 23 July 2024, long term after 36 months, at 20% on a cost raised for inflation (indexation); sold on or after 23 July 2024, long term after 12 months for an ETF or 24 months for other fund units, at 12.5% without indexation. Short-term gains are taxed at your slab rate. No yearly allowance applies to these gains.
- You are asked only when AMFI's category doesn't settle it, for example a balanced advantage or multi-asset fund, or a fund whose name points abroad. You pick one of the four types once, and you can change or clear your choice later.
- Oldest units sell first within each folio (or within each demat account for units held there), the way the fund house redeems them.
- A switch from one fund to another, or from a regular to a direct plan, counts as a sale and a purchase on the switch date.
- Grandfathering is applied to equity mutual fund units bought before 1 February 2018: the cost used is the higher of what you paid and the lower of their value on 31 January 2018 and the sale value.
The summary and the tables
- Four summary cards: short-term gain, long-term gain, tax-free allowance used, and estimated tax with 4% cess.
- A fifth card, "Taxed at your slab rate", appears when you have such gains. It shows the amount to add to your income. It is not in the estimated tax, because your slab depends on your whole income.
- The Sold and Still holding tables show each fund's type (equity, debt or other fund) and the section applied, or "Your slab" for a slab-rate gain.
- Losses: Long-term losses only reduce long-term gains. Short-term losses reduce gains taxed at a known rate first, highest rate first, then gains taxed at your slab rate, and last gains already covered by the ₹1.25 lakh allowance. If your slab rate is higher than the rate on those known-rate gains, your tax adviser may prefer to set losses against slab-rate gains first.
The Still holding table shows when each holding turns long-term, for example "long-term in 42 days", which helps you time a sale.
Nothing is silently left out
Anything the report cannot work out safely goes into a Needs attention list instead of the totals, with what to do about it: a fund whose tax type you need to choose, a fund with no ISIN, a fund recorded in another currency, sales without a matching purchase, units that arrived by transfer or from a statement with no purchase dates, intraday trades, side-pocket units, a merger by the fund house, a missing 31 January 2018 price, fund units bought before April 2001, the same folio recorded twice, and a reinvested dividend with no price. Each item links to the holding so you can fix it.
Excel export
One click downloads a workbook with Summary, Realized, Unrealized and Needs attention sheets for your CA. It has the same columns as the page, plus the indexed cost and the 31 January 2018 value where they were used, and the slab-rate line in the summary.
Limits to know
- Foreign shares and crypto are not in the report.
- Grandfathering is applied to equity mutual fund units only, not yet to shares or ETFs. Shares and ETFs bought before 1 February 2018 are tagged "Pre-2018" so you know the estimate may be too high for them.
- Surcharge, carry-forward losses from earlier years, other income and rebates are not included.
- The ₹1.25 lakh allowance is shared by your shares and equity funds in the report, and by any you hold outside Agni Folio.
- A fund's type is today's AMFI category, also for past sales.
- If your display currency is not rupees, gains are shown in your currency at today's rate, while the tax, exemption and cess stay in rupees, as filed in India.
The Schedule FA report
Schedule FA is the part of the ITR where a resident lists foreign assets held at any time during the calendar year (January to December). It asks for the peak and closing value of each asset in rupees, which is tedious to work out by hand, especially for shares bought in many lots.
What it fills in
| Table | What goes in it |
|---|---|
| A1 Bank accounts | Foreign bank (depository) accounts |
| A2 Broker accounts | Foreign custodial accounts: your holdings at each broker, added up day by day |
| A3 Shares and funds | One row per purchase lot. Lots sold during the year show a closing value of 0 and the sale proceeds |
| C Property | Foreign immovable property, at cost |
| D Other assets | Other foreign capital assets such as crypto, at cost |
| Not filled | Foreign holdings the report could not place, listed so you can enter them by hand |
How values are converted
- Values use the SBI telegraphic transfer (TT) buying rate on the date of each value, or the last earlier published rate. Every figure shows the amount, the rate and the date it came from.
- Income and sale proceeds use the rate for the last day of the previous month, as Rule 115 requires.
- Share prices are the actual traded prices on each day, not prices adjusted for later splits.
A Whose return picker shows one person at a time, and the whole report exports to Excel.
How to get accurate reports
- Record buys and sells, not just today's value. Both reports are built from transactions. Import your CAS, broker statements or contract notes on the Import page and confirm the rows.
- Put each person's holdings in their own account (Self, Spouse, Parents), so each report matches one taxpayer.
- Fill in the country on foreign holdings, so Schedule FA can place them.
- Clear the Needs attention list before you send the export to your CA.
For mutual funds, a detailed CAS brings in each purchase with its date, which is what the Capital Gains report needs: see how to import your CAMS / KFintech CAS.
Frequently Asked Questions
Does Agni Folio calculate LTCG and STCG for Indian shares and mutual funds?
Yes. The Premium Capital Gains report works out short-term and long-term gains on Indian shares, mutual funds and ETFs for each financial year from FY 2018-19, using FIFO, the holding period and rates for each kind of holding on each sale date, and the ₹1.25 lakh long-term exemption, with an estimated tax including 4% cess and an Excel export. It is shown to users whose default country is India.
Does it cover mutual funds?
Yes. Indian mutual funds, index funds and ETFs are in the Capital Gains report. Each fund is taxed by its type from AMFI's category (equity, debt or other), and you are asked only when the category doesn't settle it. Debt fund units bought from 1 April 2023 are always short-term at your slab rate; those gains are shown but not in the estimated tax. Grandfathering is applied to equity mutual fund units bought before 1 February 2018. Foreign shares and crypto are not covered.
Can Agni Folio prepare Schedule FA?
Yes. The Premium Schedule FA report fills tables A1, A2, A3, C and D from the foreign assets you track, converted at SBI TT buying rates for the calendar year, and exports to Excel. Anything it cannot place is listed under Not filled.
Can I see capital gains for my spouse separately?
Yes. The report is worked out per account. It opens on your own accounts, and you can switch to your spouse's account, which gets its own exemption.
Is this tax advice?
No. Both reports are estimates for planning and record-keeping. Check them, or have your CA check them, before you file.
Are these reports free?
They are part of Premium. Tracking, statement import, XIRR, FIRE planning and legacy planning with one nominee are on the free plan.
