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Clarification on applicable FY for LTCG

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Mohanrajan Pisharody

GM F&A

23 Points Posted on 24 July 2022

Dear Sirs,

I have sold shares on 30th and 31st of March 2022. The delivery for trade of 30th happened on 31st March 2022 and for trade for 31st happened on 1st April 2022. Payment for first trade received on 4th April and second trade received on 5th April 2022. Both the transactions are not appearing in the AIR for FY 2021-22. Require clarification as to in which financial year I should declare the income of LTCG.

Thank you

Mohanrajan Pisharody

Replies (4)

Quick Summary

This discussion seeks clarification on the correct financial year for declaring Long Term Capital Gains (LTCG) on shares sold in late March 2022. The user notes that transactions from 30th and 31st March 2022, with deliveries on 31st March and 1st April respectively, are not appearing in the AIR for FY 2021-22. Advice suggests the income should be declared in FY 2021-22 based on the contract note.