Understood. I was just asking how does the IT dept know what cost I am putting , like rather than putting the FMV as on 2018 what if I just put 500 rs a random higher number and sell the shares and file for LTCG. I understand the question seems absurd, but just curious about the working intricacies of the system. It would be great if you could share your insights on this
Are grandfathering provisions available even if STT has not been paid as in the case of shares bought prior to introduction of STT?
For you to put that cost it should have been at that price some point in time before 2018.
I’m not saying they’re checking it like this, but it would be very easy to detect when someone puts a buying price of 1000 when stock has never gone above 950 before 2018