25 July 2023
One of my clients dealing listed equity shares from both on & off-market. In FY 2022-23, the selling of listed equity shares on the market showed acquisition cost in AIS, but off-market selling did not show any acquisition cost; the mutual fund statement from the party shows the purchase cost of such off-market shares. Is it proper to deduct the purchase cost , shown in MF statement of the shares from the selling amount of such off-market transaction in ITR in AY 2023-24?
CAclubindia
