Hey Vishnu,
We are releasing Foreign Assets today and foreign income by Saturday. Fingers crossed!!!
I had terrible experience with Quicko this year suffice to say they screwed up big time. As someone commented perhaps they over engineered their working model. Or, simply greed.
My request to fellow traders filing ITR-3 is to cross check Quicko’s computations on CG, Intraday, FnO etc. Expenses reported in particular. I had just one day Intraday trade and lost 2050 and charges for the same in my contract note is 155.28. Quicko reported speculative loss of some 3120. Not sure how they arrived it. Of course, they can blame it on data provided by us/ broker.
It is double work to verify but ITD is going to query you not Quicko. Correct?
I did my taxes via ITD portal and I would never do taxes with Quicko again. Period.
Hi @jharikumar,
We’re sorry to hear about your experience with Quicko this year. We understand your concern and want to clarify how we handle tradewise expenses.
We do not receive details of tradewise expenses directly. For equity trades where charges for intraday and STCG/LTCG are provided in a consolidated manner, we divide them on a pro rata basis based on the buy value. In your case, it’s possible that the buy value for the single intraday trade was high, leading to a higher allocation of total charges.
If you send us your tax P&L report, we can provide a detailed explanation of how the charges were bifurcated in your computation.