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AIS Capital gains not matching with the Broker tax gain report

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nishant mangal

3 Points Posted on 28 July 2023

While trying to file my ITR, I see that the details of capital gains in AIS are having many mismatches with the report provided by the broker. Some of them are as below:

1. IPO allotted shares cost price is mentioned as 0 in AIS, and whole selling amount is marked as STG. Even the Credit type is OffMarket in AIS for these.

2. There are some sell transactions of March 2022, which are considered in AIS for 2023. This is not at all present in my broker report.

So now shall i file the ITR with the capital gain statements form the broker, because AIS is not correct.

Will it be any issue later?

Replies (5)

Quick Summary

Many users are experiencing significant mismatches between their AIS capital gains data and their broker's tax reports, particularly concerning IPO shares and incorrect transaction periods. The consensus is to file your Income Tax Return (ITR) using your broker's accurate statement, as AIS data is often unreliable for capital gains. While providing feedback on each AIS mismatch isn't feasible, filing with the broker's data is generally accepted and avoids future complications.