Taxation of Off market credit transactions of listed shares

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.

Moving shares between your own demat accounts is not a "transfer" (no change in beneficial owner), so no capital gain arises. AIS sometimes misreads it.

• Give AIS feedback on the entry: choose "Information is not fully correct" or "Information relates to other PAN/year", and state "Transfer between own demat accounts – no sale". This updates the AIS "derived" value and prevents a mismatch notice.

• In the ITR, report only actual sales, with the original purchase date and cost. Holding period runs from the original acquisition (the change of DP does not reset it).

• For the future, ask the new DP to record the original cost and acquisition date (most brokers have a "cost update / transfer-in" form). Otherwise their capital-gains statement will show nil cost on eventual sale.

• Keep the old DP's holding statement and the transfer request (DIS with the reason code "transfer between own accounts").