Key things to know about reporting capital gains accurately in your ITR
The Income Tax Department is leveraging advanced technology, data analytics, and tools like the Annual Information Statement (AIS) to track financial transactions. Taxpayers who have sold shares, property, or cryptocurrency must ensure their returns are accurate and fully consistent with available data. Broker reports, mutual fund disclosures, and international information exchange are among the sources authorities now use for cross-verification. Filing an ITR today demands not just correct tax computation but also complete and transparent reporting of all capital asset transactions.
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