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Sec 111A in ITR

B GAYATHRI (ARTICLE) (42 Points)

13 August 2021

while preparing ITR should we show detailed breakup of intraday trades, Or can we show total buy value and sale value of all shares for the tax period?

Due to intraday trades, the amount is in crores, is that a problem?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 14 August 2021

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B GAYATHRI (ARTICLE) (42 Points)
Replied 14 August 2021

If there r hundreds of transactions, how to show it

Samantha J (1236 Points)
Replied 14 August 2021

For security purchased before 31 Jan 2018 you have to file security wise each txn! For security purchased after 31 01 2018 consolidated amount can be taken for filing!

Sivaramaraju G (Learner) (2398 Points)
Replied 14 August 2021

If it is intra day then you have to show it under business or profession right?? then you can take net amount of profit or loss, no need to go with 111A for intra day transactions as per my understanding.