Suppose I had multiple short term trades in a financial year. Can I input their combined sale value and purchase value while filing ITR via ClearTax or some other website? Instead of having entry for each and every trade.
The gain/loss calculations will be right. But the combined sale and purchase value will become very high? Will that be an issue?
FY 2019-20 onwards, the capital gain on sale of equity shares and equity oriented mutual funds on which STT is paid should be reported in Schedule 112A of the ITR Form. It is mandatory to enter details of each trade in Schedule 112A to compute the cost of acquisition as per the grandfathering rule after considering FMV as on 31st Jan 2018. Thus, if you enter combined value, the cost of acquisition would not be computed correctly.
You can read more about it with examples here - Long Term Captial Gain Tax on Shares - Equity Shares & Equity Mutual Funds