One of my client having some shares transactions & having short term capital gains but my actually I found difference between Cost of acquisition reported in AIS & Capital Gains Statement
So which amount I should consider while computing Capital gains under section 111A
Thanks in advance Khush Trivedi
Replies (4)
Quick Summary
This discussion addresses a common query regarding discrepancies between the Annual Information Statement (AIS) and the Capital Gains Statement for share transactions. The consensus is that the Capital Gains Statement is generally more reliable for computing short-term capital gains under section 111A. It's advised to verify figures with bank statements and, if the Capital Gains Statement appears correct, proceed with that for tax calculations while reporting the discrepancy in the AIS.