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Short Term Capital Gain entry in ITR

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Donati

Self occupation

116 Points Posted on 21 July 2024

This is about entering data of Short Term Capital Gain/ Loss in ITR.
Do we need to add each transaction as mentioned in the AIS report, or can we add cumulative data? For example, if I purchased and sold "A" shares on different dates and did the same with B, C, and D shares, can I add all buys and sells, respectively, for A, B, and C and enter the data in the ITR?

If I enter the cumulative data, it seems like I bought and sold shares worth lakhs of rupees. Whereas, on a particular date, I would have spent or bought shares worth only a few thousand.

NB: There are 40 separate transactions.

Replies (3)

Quick Summary

This discussion clarifies how to report Short Term Capital Gains (STCG) in your Income Tax Return (ITR). You can aggregate transactions script-wise rather than entering each individual trade, which simplifies reporting for numerous transactions. It's advised to verify data from both your AIS report and broker (like Zerodha) and use the actual transaction details for your ITR filing, providing feedback on any discrepancies found in the AIS.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121526 Points Posted on 21 July 2024

You can aggregate the transactions based on scriptttwise. The transection would reflect for whole year, which are already declared in AIS report, so no question of any query, when you are declaring the amount as sell transactions.

Donati

Self occupation

116 Points Posted on 21 July 2024

Thanks a lot, Sir.

One more thing.
There are discrepancies in the AIS data and the data provided by Zerodha. Which one should I use for the ITR filing.

Thanks.