SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 NOT REFLECTING IN AIS

You can write with all details that are not reflected  in AIS , in" FEEDBACK " Section of AIS , and inform them , I think you may get reply also . 

Take more opinion as well. 

Confirm with your trader/agent whether it will reflect in FY 2024-25 or 2025-26????

Or check date of your contract note.....

@ Dhirajlal

Dhirajlal ji Namaskar

Precise and pertinent guidance by you as always.

Warm regards

Contract note is generated on/dated 29th March 2025 for trade transaction done on 28thMarch 2025.

Check your query....

"UPON DOWNLOADING THE AIS FOR THE FY 2024-25 (AY 2025-26) I HAVE NOTICED THAT SALE OF EQUITY TRANSACTION DONE ON STOCK EXCHANGE ON THE LAST TRADING DATE OF THE FY ie. 27TH MARCH 2025 IS NOT REFLECTING IN THE AIS."

If that was last trading date of the year, the trade would be reflecting on next working date....

So, confirm with your agent first.... 

TRADE HAPPENED ON 28TH MAR 2025 , CONTRACT NOTE IS DATED 29TH APRIL 2025 AND STOCK UNITS DEBIT/CREDIT HAPPENED IN THE 1ST WORKING DATE IN APRIL 2025. FINANCIAL DEBIT/CREDIT ALSO HAPPENED IN THE 2ND APRIL 2025 DUE TO EID HOLIDAYS.

HAVE WRITTEN TO THE DP AGENT ON THIS.

MEANWHILE, SINCE THE STOCK TRADES WERE EXECUTED ON 28TH MAR 2025( LAST DATE OF THE FY) SHOULD I BE REPORTING IN THE ITR IN THE FY 2024-25 (AY 2025-26). 

PLS ADVISE.

THANKS

When the stocks were debited on next working day of FY 2025-26. The agent will report the transaction in next FY i.e. 2025-26. If you declare it FY 2024-25, it will be accepted in this ITR but for next ITR you will have query from ITD!!!!

Thanks and appreciate your prompt response.

I have written and raised my query with the DP /broker Agent. Ironically, in my wife's AIS, trade transcation done on 28th Mar 2025 are partially reflecting in AIS and the rest is not reflecting.

So this is quite confusing.

Have written to DP/Broker agent and awaiting for their response.

This is a wide spread problem. All sales on the 28th of March, 2025 are considered as sales for FY 2025-26 by the depository and come up in their Capital Gain transaction for AY 2025-26.

Sales of the 27th March 2025 which is Thursday and the last day of the weekly settlement are reported in the AIS but the 28th Friday is a new settlement and both CDSL and NDSL have not reported it in the AIS. 

As per my understamding for shares, the date of sale is the date for tax purposes and thus not reporting it will be incorrect. 

If you write to NSDL or CDSL they will ask you to take it up with your depository say Zerodha, Grow, HDFC, ICICI etc etc and if you write to them they will ask you to take it up with CDSL and NSDL. So much for responsibility. 

As others have mentioned you run the risk of CDSL and NSDL reporting it next year as they do what they feel like. I would suggest that you tweet this and tag the FM and Chairman CBDT and CDSL and hope for a response. 

I have done some more work on this. Their is a notification number 3/2021 issued by CBDT regarding AIS reporting by depositories. I am told that as per this ( see attached) depositories can report by settlement date. As mentioned earlier this was the next settlement that ended on 2nd April 2025. This is the reason they are saying that they have not reported. I am travelling had a quick look at the notification and could not find this item about settlement date but hopefully one of you whi is sharper and smarter can and will tell us. 

It also raises some other questions

1. From a tax point of view is a sale on the 28th of March to be accounted for in the next financial year? I have not seen any reference that says that capital gains for shares have to be based on settlement date and not date of sale ? 
2. As some of you have mentioned will the depository report this in FY 2025-26 and cause trouble if we offer it for tax this year ? 

Lets try and answer this as I suspect awareness about it is limited.

Now a days the assessment is based on faceless assessment. It is based on the data available with ITD. Unless  the reporting authorities rectify it, you have to depend and align your data with that available with ITD. Any deviation with it is not acceptable by digital (faceless) system and bound to face consequences.

Thanks for your reply and appreciate your efforts. I had written email to my broker HDFC Securities and NSDL. NSDL has responded with the clarification that the settlement of the trade done on 28th Mar 2025 will be done in April 2025 and hence will appear in the AIS of the next FY. ie 2025-26. Based on this clarification i have already filed my return in July 2025.

Thanks once again 

Yes, annual return has been filed based on the details provided in AIS. These trade transaction will be considered in the next FY ie 2025-26.

Thanks for your reply it was helpful

You are welcome.