HAVE SHARES IN PRIVATE LIMITED COMPANY

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RAJA P M (Querist)
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21 December 2022 Dear Experts, I have some shares in a Pvt Ltd Company. I will file my ITR. So, What can I do about this Shares...? Can i show the share details in ITR...? (under ITR-3 --> "Whether you have held unlisted equity shares at any time during the previous year?" ) Please reply as soon as possible. Thanks & Regards

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 December 2022 If you are filing balance sheet with capital account in ITR 3, you can declare them under investment; but otherwise no details need to be filled under general information.

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RAJA P M

RAJA P M (Querist)
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22 December 2022 Thank You sir.

Can It also through ITR4...?

What about a employee having share in the company and salaried employee...?

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 December 2022 In ITR 4 there is no question of BS, so any individual investment cannot be declared.
Even in that case if investment i.e. BS option available (as in ITR 2/3), you can declare; otherwise not.
Only option to declare is Dividend income, if any.

RAJA P M

RAJA P M (Querist)
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22 December 2022 Okay Sir...
One more doubt. In case the person file with ITR 4 and declare (or not) the amount in the other assets column.
Then it will make any problems...?

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 December 2022 The other assets there are related to business and not personal.
Still if you have any particular intention to declare them in ITR, you may add them.

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RAJA P M

RAJA P M (Querist)
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23 December 2022 Okay Sir,
Very Very thank You...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 December 2022 Most welcome, Dear..

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