About shares in ITR

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies how to declare shares in your Income Tax Return (ITR). It's confirmed that only active shares should be considered when reporting amounts in ITR-2 and Schedule CG, especially when matching figures with AIS and TIS. Unlisted shares are generally declared in Schedule General, while Schedule CG focuses on shares sold during the financial year.

bhavani P

bhavani P (Querist)
Follow

20 July 2024 Dear sir/mam...Total amount of active and inactive shares should be taken in ITR-2 or only active shares amount should be taken???
Please anyone answer me

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

21 July 2024 All sort of Unlisted shares are declared in Schedule General. In Schedule CG, only the shares sold in the year are considered.

bhavani P

bhavani P (Querist)
Follow

21 July 2024 Thankyou sir...but little bit confusion is there...in CG what amount should I give whether active shares or total of active and inactive....
But only active shares total is matched with AIS and TIS

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

21 July 2024 Yes, only active shares entries.

bhavani P

bhavani P (Querist)
Follow

21 July 2024 Thankyou sir for the reply

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

21 July 2024 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now