Disclosure unlisted and listed

mr x a broker in listed securities was holding various shares amounting to rs 500000 at beginning of the fy 2021-22 .
during this year he has received few listed shares of Indian company of rupees 60000 by way of will of his deceased mother
and unlisted shares of Indian company of rupees 10000 from his relative mr. y by way of gift.

what should be disclose in ITR ?
Replies (2)
Quick Summary
This discussion clarifies disclosure requirements for brokers filing their Income Tax Returns (ITR). It addresses the tax implications of receiving listed shares via inheritance and unlisted shares as a gift from a relative. The advice clarifies that gifts from non-blood relatives are exempt up to £50,000, and inherited shares are not taxable, guiding the user on appropriate ITR forms and potential tax audit applicability.

It differs based on ITR filed, which ITR to be filed ITR 3 or ITR 4? & whether tax audit applicable for your business?

Wrong.
let me explain
1. ten thousand received from relative if not blood relation is exempted upto fifty thousand.
2. sixty thousand received by way of will is not taxable.

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