Short Term Capital gain on shares bought and sold after 2018 onwards

This query is : Resolved

Quick Summary

A taxpayer asked how to report short-term capital gains when AIS and broker statements differ. The advice was to rely on the broker statement, ignore missing AIS entries, provide AIS feedback only for extra unmatched entries, and reconcile actual figures to avoid tax queries.

rmalhotra

rmalhotra (Querist)
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03 July 2026 Sir,
Usually Figure of Equity Shares and their values differ as shown in AIS and that shown in Broker's statements. This may happen because of many reasons of data mismatch .
If figures are different then P&L will also be different.
Under this situation , query;
1. Can we consider only Broker's statement of Capital Gain as prime source ,for reporting Capital Gain on shares by uploading broker statement with ITR filing in Schedule of CG and ignoring figures of AIS.
2 Can we ignore giving "Option " input information against each entry in AIS, because of large nos of transaction.
3. Is any reconciliation is compulsory or Optional ( as data is voluminous )

Pls guide pointwise what is right approach. Thankyou.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 July 2026 1. Generally broker's statement is more authentic/ reliable. You can file ITR based on that. If any thing in AISA is missing, you can ignore.
2. If AIS has any thing extra than the Filed ITR figures, you must file feedback for the particular entries only. Need not file full feedback.
3. Reconciliation based on actual figures is mandatory, otherwise query would be raised.

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rmalhotra

rmalhotra (Querist)
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03 July 2026 Thank you Sir for your prompt guide help

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 July 2026 You are welcome.

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