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Sale of Equity shares - AIS

03 December 2021

The sale of Equity shares reflected in demat account is not matching with AIS sale consideration.

anybody facing the same ?
is there is any explanation given regarding this ?

kindly guide.
thank you

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5 Replies

SHIV KUMAR (Co-Founder of Sublime Associates) (202 Points)
Replied 03 December 2021

You need to file feedback on IT portal under TIS feedback link
Thank You

18E0343 V Pradhish (243 Points)
Replied 03 December 2021

Thanks for your rply n I'm aware of it

If it is for 1/2 person, then that will be reasonable to file feedback form !. literally facing with maximum persons.
sale of Mutual fund is matching , but the Equity Share is not matching.

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SHIV KUMAR (Co-Founder of Sublime Associates) (202 Points)
Replied 03 December 2021

Ok no problem sir, If you have authentic evidence file your ITR first.Than finish the feedback anytime. And one more thing If your unit or quentity is matched with your PnL so you dont need to panic about it.

18E0343 V Pradhish (243 Points)
Replied 03 December 2021

Noted ! thank you Mr.Shiv

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Rammohan (NA) (245 Points)
Replied 04 December 2021

Yes, I too have the same problem in regard to sale rate of equity shares. The rate given in AIS does not match with the (registered) share broker's contract note. Further, NSDL has classified the sale as 'short term' gain despite the shares sold being in demat with NSDL much before 31.1.2018. How can NSDL decide whether a particular sale transaction qualifies as short term or long term? This is incorrect. NSDL should clarify the basis for this classification and also the source from which the sale rate that is taken for reporting to the I-T Dept., so as to avoid disputes and correspondence with the I-T Dept.

In my case, encashment of mutual fund units was not shown in the AIS. I had filed my ITR in September, much before the AIS details were made available, and had included all transactions (shares and mutual funds) based on my record. Form 26AS did not show any details of sale of shares/encashment of mutual funds.

Despite the above issues, the I-T Dept. accepted my ITR without any queries and issued a refund.

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