Team,
The all new AIS insight portal provides all transactions say Equities Bought / Sold via CDSL, Mutual Fund transaction via RTA etc. However, there is no profit/loss mentioned in those entries. ( We all know that 26AS provides interest credited from Banks and so we could easily pay tax accordingly. )
Now, how the AIS insight system will work, say to verify the tax paid against capital gains earned ?
Also, can someone explain the meaning of the Fields in Income Tax portal under schedule 112A
1. Cost of Acquisition ?
2. Total Consideration Value "
Thank you very much in advance !!
Regards
Sunil
CAclubindia
