Investment in share
This query is : Resolved
Shivraj Poojary
(Querist)
04 July 2013
Dear Sir,
My brother is a Major Shareholder (60% around 10200 shares @ Rs. 10 per share) in a small IT Company and he is drawing a salary of Rs. 30000 p.m. (My brother is not received any dividend since this company is a just one year old company)
My Query is while filing the individual IT Return do he need to show the investment in these shares in IT Return?
My brother is a Major Shareholder (60% around 10200 shares @ Rs. 10 per share) in a small IT Company and he is drawing a salary of Rs. 30000 p.m. (My brother is not received any dividend since this company is a just one year old company)
My Query is while filing the individual IT Return do he need to show the investment in these shares in IT Return?
CA PARAS BAFNA
(Expert)
04 July 2013
He is receiving salary and carrying having no business income.
.
He has to file his return in ITR-1 or ITR-2 in which there is no requirement to show these shares in IT Return.
.
.
He has to file his return in ITR-1 or ITR-2 in which there is no requirement to show these shares in IT Return.
.
Shivraj Poojary
(Querist)
04 July 2013
Thank you very much sir...
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