Listed Share transfer from Demat A/c. within family reporting in ITR

Valerian Dsouza (Manager Audit & Taxation)   (413 Points)

16 December 2021  

Respected Sirs,

Listed Shares are transferred from Demat Accounts within family members Accounts; as well contra entries from One Demat A/c. to another Demat A/c.  In the Income Tax Annual Information statements (AIS), these are appearing / reported as off market transactions                                                                                                                These entries are within family transfers without any consideration. Some are contra entries. Do we have to report or explain these entries in ITR?

Thanks a lot for kind help.

Valerian Dsouza