How to update Transaction data in broker samco account holding after transfer shares KARVY
This query is : Resolved
01 November 2025
As KARVY broker suspended, I transfer (to SAMCO broker) shares in 2020 . Please suggest how to report buying date and price of shares in ITR.
01 November 2025
When reporting the buying date and price of shares transferred from KARVY to SAMCO in your Income Tax Return (ITR), you must use the original purchase date and price as reflected in your transaction records, not the transfer date. The transfer between brokers does not reset the holding period or the cost of acquisition, because ownership remains unchanged—the shares are merely moved from one demat account to another due to broker issues.
01 November 2025
How to Report in ITR
The buying date is the date on which you originally purchased the shares (via KARVY or any previous broker), not the date they were transferred to SAMCO.
The buying price should be the amount you actually paid to purchase the shares, as reflected in your original contract notes or statements.
For capital gains calculation when you sell the shares, use these original purchase details.
Retain relevant supporting documents (contract notes from KARVY) to show the original purchase date and price in case the tax department asks for clarification.
In summary, always use the actual buying date and price for ITR reporting of shares transferred due to broker suspension; the transfer itself does not change capital gains reporting or acquisition details.
The buying date is the date on which you originally purchased the shares (via KARVY or any previous broker), not the date they were transferred to SAMCO.
The buying price should be the amount you actually paid to purchase the shares, as reflected in your original contract notes or statements.
For capital gains calculation when you sell the shares, use these original purchase details.
Retain relevant supporting documents (contract notes from KARVY) to show the original purchase date and price in case the tax department asks for clarification.
In summary, always use the actual buying date and price for ITR reporting of shares transferred due to broker suspension; the transfer itself does not change capital gains reporting or acquisition details.
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01 November 2025
Sir, I don't have contract not because these share were bought long back you may 2005. So my question is how to get full transaction record. I have holding statement NSDL before JAN 2018 as well, will it work as FMV of 31st 2018.
02 November 2025
Yes, that is the cost as per grandfathering rule for calculation of LTCG.
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