High value Share transaction mismatch in AIS

Taxation
1

Sir/madam I applied total quantity of listed shares in tender route buy back last fy then all debited in cdsl first then credit back remaining non selected shares but now in AIS consider these transactions as total sell value & buy value in cdsl data now i get high value transaction sms alert, but i shown buy back gains as exempt income in ITR now what should i give feedback in high value transaction ?

2

@Quicko can you please assist us with this query?

2 Likes
3

Hey @guru_shekhar,

You can provide the feedback on AIS compliance portal feedback stating that “income is not taxable”.

Hope this helps!

4

Hi Thnx for reply can I give feedback as
‘Transfer not in d Nature of Sale’ ? Is it also correct?

5

dont write sms style, use complete words and it will be ok.

6

Thanks for the reply can I also give feedback as ‘Transfer not in the Nature of Sale’ it’s also right? Please reply last date is today to submit feedback.

7

Hello @guru_shekhar,

Yes, you can give such feedback also that the “Transfer is not in the Nature of Sale”. You will have to select the appropriate feedback from the dropdown list available.

Hope this clarifies!

9

Thanks a lot i will select ‘Transfer not in the Nature of Sale’ instead of ‘Income is not taxable’ option for my above query on buyback account entries.