ITR
AIS sale values differ from my broker statement
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Facts
AIS shows what brokers and registrars reported, often gross values that may include duplicates or cover a different period. Your return should use the actual transaction figures from your statements. Reconcile the two and give AIS feedback for wrong entries.
Provisions and law
- Sec 48 (now Sec 72)Capital gain is sale value less cost of acquisition, cost of improvement and transfer expenses
- Rule 37BA, Income-tax Rules 1962 (now Rule 203)TDS credit is given on the basis of the deductor's statement, in the year the income is assessable
Analysis
Common gaps come from intraday trades counted as sales, bonus or split adjustments, or both a demat and a fund house reporting the same redemption. Use the broker report for each transaction, but make sure total sale value in Schedule CG is close to AIS so CPC does not raise a mismatch. Give AIS feedback for duplicates. Keep a reconciliation sheet with your records.
Conclusion
- Download AIS and the broker report for the same period.
- Match totals and list differences.
- Give AIS feedback for wrong or duplicate lines.
- File using actual figures and keep the reconciliation.
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