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High value transaction of equity shares
Client received an intimation that he has some transactions of sale of equity shares reported by nsdl and as per client these transactions pertains to their day to day trading what should he do for this. Any suggestion
Replies (5)
If ITR is already filed then submit a response through compliance portal
Itr is generally filed after the end of the relevant assessment year.
Ensure that his Income Tax return can justify those high-value transactions.
IF the client has missed those transactions then file the revised income tax return before 31st March 2022 to save from future litigations.
File revised ITR before deadline after including the share transaction
Since ITR is already filed , submit a response stating that all details correct
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