SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 NOT REFLECTING IN AIS of 2024-25 & 2025-26

• Reporting: Report your 28th March 2025 sale in your ITR for FY 2024-25 using your contract note as the primary evidence, even if it is missing from the current AIS.

• Losses: You cannot choose to carry forward your STCL; you must legally set it off against your LTCG in the same financial year. As your resulting net gain of ₹85,000 is within the ₹1,25,000 exemption limit, no tax liability will arise on these capital gains.

thanks for the quick response

On Query 1 (AIS mismatch): file your ITR-2 with the actual transaction included. The AIS is an information tool, not the source of truth for what you must declare. If you have the contract note and NSDL confirmation that this was a March 28, 2025 transaction, report it in your FY 2024-25 ITR under Schedule CG. You can also submit feedback in AIS explaining the discrepancy. Do not delay filing ITR-2 waiting for AIS to update.

On Query 2 (STCL set-off): the ITR-2 utility is correct. Under Section 74 of the Income Tax Act, short-term capital loss MUST be set off against capital gains in the same year. The order is: STCL first against STCG, and if any STCL remains, it is set off against LTCG. There is no option to skip the set-off and carry forward instead. Only the remaining unabsorbed loss (after mandatory set-off) can be carried forward for up to 8 years.

In your case: STCL Rs 40K will be set off against LTCG Rs 1.25L, reducing LTCG to Rs 85K. Since this falls within the Rs 1.25L exemption, the net tax is still nil. The set-off does not cost you anything here. See the [capital gains tax guide for AY 2026-27](https://taxgarden.in/blog/capital-gains-tax-india-ltcg-stcg-ay-2026-27) for the full set-off and carry-forward rules.

TAX GARDEN

Thanks and appreciate for this clear explanation. 

QUERY 1 -ITR2 for FY 2024-25 was filed on time without the stated transaction as it was clearly stated in the NSE circular of 094/2025 dated 26th March 2025 and also confirmation email received by me that the transaction will reflect in the AIS of FY 2025-26. 

QUERY 2- Its crystal clear, now. thanks.