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TREATMENT OF MUTUAL FUND

This query is : Resolved 
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(Querist)
25 July 2023 One of my clients dealing listed equity shares from both on & off-market. In FY 2022-23, the selling of listed equity shares on the market showed acquisition cost in AIS, but off-market selling did not show any acquisition cost; the mutual fund statement from the party shows the purchase cost of such off-market shares.
Is it proper to deduct the purchase cost , shown in MF statement of the shares from the selling amount of such off-market transaction in ITR in AY 2023-24?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 July 2023 Yes, deduct such cost with the consent of the assessee. Get it signed by him.
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