Details, details, details – that's what's new. We have retained the original summary sheet where one can get access to the high level information about the capital gains – realized and un-realized over the year. But the real work is in the second sheet of the report.
This report contains transaction level detail for every capital-gains incurring transaction made by the investor. For every such transaction, the report shows a wealth of data.
Asset Type – whether it is equity, debt, gold, etc.
The benefits of this report are that it provides transaction level detail – meaning if you want to segment gains by quarter or a different period, you can do so. Plus, providing indexation cost figures makes it easy to decide whether to pay taxes pre or post-indexation.
With this set of information handy, filling out your tax data becomes a breeze, or you can simply hand this spreadsheet over to your tax accountant to take care without any errors or omissions.
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