Daily Archives: May 16, 2024

What is Off-market Credit Transactions in AIS on Income Tax Portal

By | May 16, 2024

What is Off-market Credit Transactions in AIS on Income Tax Portal In the context of the Annual Information Statement (AIS) and income tax in India, off-market credit transactions refer to the movement of shares into your demat account through transactions that don’t involve a stock exchange. Here’s a breakdown: Off-Market Transactions: These transactions occur directly… Read More »

What is Off-market debit transactions in AIS on Income Tax Portal

By | May 16, 2024

What is Off-market debit transactions in AIS on Income Tax Portal Off-market debit transactions are one of the 57 types of financial transactions reported in the Annual Information Statement (AIS) by the Income Tax Department in India. Here’s a breakdown of what it means: Off-Market Transactions: These are transactions that occur directly between two parties,… Read More »