Newbie filing my first ITR alone – need a bit of guidance!

Taxation
1

Hi everyone,

I am a total beginner here. I want to file my Income Tax Return (ITR) on my own this year.

I have a lot of doubts and questions about the process. I am starting this thread to ask my questions as I go.

Is anyone else here filing their own ITR? I would love to connect with you. If you have experience doing this yourself, please help guide me!

I am facing a major mismatch between my Zerodha P&L report and my Annual Information Statement (AIS) for the financial year.

In my AIS, the buy values are significantly lower than what Zerodha reports. Because of these lower buy values (and some higher sell values), the AIS shows a total profit that is 3 times higher than my actual profit .

I have done nearly 800 trades this year. Checking each trade manually between the Zerodha Excel sheet and the AIS portal will take forever.

  1. Has anyone else faced this specific issue with Zerodha data not matching the AIS?
  2. Is there an automated or easy way to reconcile/compare these 800 trades instead of doing it manually?
  3. How do I correct these improper values in the Income Tax portal?

Any guidance or Excel templates for corporate action adjustments would be highly appreciated. Thank you!

2

@Quicko

1 Like
3

Any developer or just excel wizard can reconcile. But it’s not your job to rectify AIS, if you know for sure AIS is wrong.

4

just now trying with ais as excel file and comaring with Z pnl report ,

so how to give feedback in ais for this mismatch ?

5

though showing 2 times difference in buy and sell value in TIS , while checking in ais utility , under cg section it shows only 30 k difference in gains with z pnl report , very confusing !