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Scrip-wise info in ITR must only for those seeking LTCG exemption: CBDT

Direct tax body denies reports that stock or day traders are required to furnish scrip wise details in return of income for AY 2020-21

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2 min read Last Updated : Sep 28 2020 | 1:38 AM IST

The income tax department has clarified that scrip-wise details of sale and purchase of shares are required to be filled in the income tax returns for 2020-21 assessment year only by those who opted for exemption of long-term capital gains (LTCG) tax.

It denied reports that stock or day traders are required to furnish scrip-wise details in the return of income for the current assessment year.

The exemption cited above was allowed under the grandfathering clause of the Finance Act, 2018 to the gains made on listed shares up to January 31 2018. Grandfathering refers to an exemption that allows

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