| Question And Answer | |
|---|---|
| Subject: | Are AIS sale transcations used for calculating CG or for flagging transaction. |
| Category: | Income-Tax |
| Querist: | Rajan |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | AIS |
| Date: | July 15, 2024 |
In the AIS, in the sale of equity shares,(Depository) in AIS, in all IPOs against the sale, it is indicated that purchase is offline and cost of acquisition is 0. Since one may have sold a Lot in many goes, there are multiple entries. There are many such shares in IPO. should one flag of correction in each of these entries which may run into thousands which does not look feasible. It will meaning mapping a large portion of broker report into the AIS. Basic clarity needed if AIS data is used by Tax authorities to calculate CG or is mainly to flag transactions.
Reply of the Expert is awaited. Please check back later
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