I had purchased 50 shares of Mahidra & Mahindra with their Rights Issue. The purchase cost was mere Rs 2200. Even for this paltry amount there is an entry in my 26AS under section "PART E – Details of SFT Transaction" with Type of transaction as "SFT-008 Purchase of Shares". As per my knowledge, if anyone purchase Shares/Mutual Funds worth 10L & above in a Financial Year, it gets reported as SFT Transaction. So not sure why it is being reflected in my 26AS.
Question isl
(1) How should I put a response to it? Do I need to respond at Income Tax Department's Compliance OR Reporting portal (website) before filing ITR? If you think 'Yes' then where and with what response?
(2) Where do I need to report this in my ITR-2? I have sold half (25) of these shares with small Short Term Capital Gain (STCG) and rest are in still my portfolio. I have already included this STCG amount in my Capital Gain.
Appreciate your guidance on this as early as possible. Thank You in advance.
CAclubindia
