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Declaring of new assets in ITR-2

01 August 2022

1) How to show/declare newly purchased MF/Shares/Securities/DVA investment/s alone in ITR-2 in which Schedule?

2) How to show land/building improvement costs alone in ITR-2 in which schedule?

3) How to show the sales proceeds of L/B are reinvested in purchase of new property/notified bonds or CGAS in banks account in ITR-2 in which schedule?

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160342 Points)
Replied 01 August 2022

1. & 2 Not possible, even not required unless sold

3. Under head Capital Gains..

Sethu Raman (160 Points)
Replied 01 August 2022

Sir, Thanks 🙏 for your reply. But for DVA, “The FM announced that from this
year, 30 percent of tax will be levied on
cryptocurrency gains and incomes.
It must be noted that as of now, there is no specific
guidance/specific tax provisions on taxation of
cryptocurrencies in the Income Tax Act 1961. Those
who invest in cryptos must make sure that they are
reporting their profits in their taxes, as failure to do
so can have consequences.”. I have read this from newspapers. In that case , where to do in ITR-2?