Income tax reporting


Do brokers report my equity,fno trades to income tax authority .
How does tax authorities know about our stockmarket trades ?


1 Like

Well I don’t know about the disclosure norms of brokers. But your pan card is linked to the broking account. In a tech enabled world you can safely assume that big daddy knows about every transaction.

You can check your AIS report
It has all details covered

Yes, IT now knows every transaction of yours. So it’s better to show all your income while filing