Why is there a difference between I-T AIS and our Capital Gain loss report

AIS (Annual Information Statement) is a report from tax authorities that details a PAN holder's financial transactions for a financial year. It includes income, tax deductions, investments, and expenses, providing a consolidated view to help with accurate tax filing. This can be seen in the Income Tax website of a PAN holder


Differences between the AIS and Capital Gain/Loss (CGL) reports may arise due to:

  1. Missing Purchase Details in CGL: Stocks sold without corresponding purchase details, such as those acquired via off-market transactions, prior to November 11, 2012, or through IPOs, corporate actions (e.g., bonuses, rights issues, ESOPs), won't appear in the CGL report, but AIS will include these sales.
  2. Buyback Discrepancies: AIS lists all shares offered for buyback, while CGL only shows accepted shares. The CGL report records the actual buyback price, whereas AIS may show the closing price on the buyback closure date.

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