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