Taxation of Off market credit transactions of listed shares

3564 views 4 replies

Hi Everyone, 

I transferred some shares (held for more than 2+ years) from my old demat account to my new demat account. In AIS, I see them as "Off market Credit" transactions. "Cost of acquisition" is considered as zero and hence the whole value of "sale consideration" is added to my short term gains. 

Even though my new demat account's tax PnL statement shows correct cost of acquisition and holding period, the AIS doesn't show this. 

Even if I submit AIS feedback, it is not accepted. 

I acquired these shares in my old demat through normal Market buying but the details got screwed up when I transferred them. 

How can I fix this problem ? 

Thanks,

Vaidhya

 

Replies (4)
Quick Summary
Users discuss AIS showing off-market credit transactions with zero cost after transferring listed shares between demat accounts. This can incorrectly inflate capital gains. The discussion suggests contacting the depository participant and pursuing AIS feedback or correction with the reporting entity.

Contact the registrar/bank/agency where you have opened new demat account  and submit all these details in writing, to rectify the 'purchase price of these shares'.

Hello Sir, 

Thanks for the reply.

As I mentioned, in my new demat account, the purchase price and holding period are correct.

The problem is just in the AIS, which I am not able to correct either.

Whom should I contact for this?

Thanks,

Vaidhya

 

You can give FEEDBACK in the AIS report that the data in not correct.

Hi Vaidyanathan, were you able to resolve this?

I am having a similar issue.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details