No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares https://www.taxtmi.com/news?id=23209 No statutory requirement exists to furnish scrip-wise details in the return for short-term capital gains or business income from share trading; scrip-wise reporting in the return is required only for computing long-term capital gains on listed shares/units eligible for the grandfathering mechanism introduced by the Finance Act, 2018, because per-scrip comparison of cost, sale price and market price as of the cut-off date is necessary for correct computation and departmental verification. en-us Sun, 27 Sep 2020 10:01:46 +0530 Sun, 27 Sep 2020 10:01:46 +0530 TaxTMI RSS Generator No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares https://www.taxtmi.com/news?id=23209 No statutory requirement exists to furnish scrip-wise details in the return for short-term capital gains or business income from share trading; scrip-wise reporting in the return is required only for computing long-term capital gains on listed shares/units eligible for the grandfathering mechanism introduced by the Finance Act, 2018, because per-scrip comparison of cost, sale price and market price as of the cut-off date is necessary for correct computation and departmental verification. News - Sun, 27 Sep 2020 10:01:46 +0530 https://www.taxtmi.com/news?id=23209