Traders do not have to report gains made under individual stocks in income tax filing: Finance Minister. Do traders or investors benefit from this?

Taxation
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Traders do not have to report gains made under individual stocks in income tax filing: Finance Minister. Do traders or investors benefit from this?

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The stock wise details pertaining to sale and purchase of shares are required to be filled in the income tax returns (ITR) for AY20-21 only by specific investors opting for exemption of long-term capital gains (LTCG) tax as per the grandfathering clause. As grandfathering is allowed as per 2018 Budget provisions, it is mandatory to record the stock wise details for calculating capital gains of the shares.

Traders are not required to furnish any such stock wise details.

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Thank you very much sir.:+1: