Zerodha is showing Idea FPO gains as Intra-Day?

[nikhilv0303]

Hi,

I had applied for Idea FPO in Apr-2024 and once allocated sold half of it on the date of listing.
Now while filing ITR - Zerodha is showing this income as Intra-Day and not Short-Term.

Ideally in IPOs it is categorized as Short-term, but I'm not sure of FPOs.

Can anyone confirm if I can put this income as short-term CG itself rather than Intra-day? If i put intra-day I've to do ITR-3, which I want to avoid.

 

[Wealth is my birth right!]

Hi,

I had applied for Idea FPO in Apr-2024 and once allocated sold half of it on the date of listing.
Now while filing ITR - Zerodha is showing this income as Intra-Day and not Short-Term.

Ideally in IPOs it is categorized as Short-term, but I'm not sure of FPOs.

Can anyone confirm if I can put this income as short-term CG itself rather than Intra-day? If i put intra-day I've to do ITR-3, which I want to avoid.

It can be STCG however if gains are in big better take a CA opinion

 

[hender]

Hi,

I had applied for Idea FPO in Apr-2024 and once allocated sold half of it on the date of listing.
Now while filing ITR - Zerodha is showing this income as Intra-Day and not Short-Term.

Ideally in IPOs it is categorized as Short-term, but I'm not sure of FPOs.

Can anyone confirm if I can put this income as short-term CG itself rather than Intra-day? If i put intra-day I've to do ITR-3, which I want to avoid.

Have you raised the concern with zerodha !?

 

[nikhilv0303]

Have you raised the concern with zerodha !?

did this morning... awaiting reply from them

 

[hender]

did this morning... awaiting reply from them

Surely they will help you in this...