18E0343 V Pradhish (243 Points)
03 December 2021
SHIV KUMAR
(Co-Founder of Sublime Associates)
(245 Points)
Replied 03 December 2021
18E0343 V Pradhish
(243 Points)
Replied 03 December 2021
SHIV KUMAR
(Co-Founder of Sublime Associates)
(245 Points)
Replied 03 December 2021
Rammohan
(NA)
(255 Points)
Replied 04 December 2021
Yes, I too have the same problem in regard to sale rate of equity shares. The rate given in AIS does not match with the (registered) share broker's contract note. Further, NSDL has classified the sale as 'short term' gain despite the shares sold being in demat with NSDL much before 31.1.2018. How can NSDL decide whether a particular sale transaction qualifies as short term or long term? This is incorrect. NSDL should clarify the basis for this classification and also the source from which the sale rate that is taken for reporting to the I-T Dept., so as to avoid disputes and correspondence with the I-T Dept.
In my case, encashment of mutual fund units was not shown in the AIS. I had filed my ITR in September, much before the AIS details were made available, and had included all transactions (shares and mutual funds) based on my record. Form 26AS did not show any details of sale of shares/encashment of mutual funds.
Despite the above issues, the I-T Dept. accepted my ITR without any queries and issued a refund.
CAclubindia
