ITR-2 (Shares & Securities) related Guidance REQUESTED

414 views
User Avatar

Others
44 Points Posted on 26 July 2023

Sir/s

I need your valuable guidance in the following matters. Mainly these are pertaining to ITR-2 Return Form.

(1).

What is the difference between “Demat Holding” and “My portfolio” which appears in demat account screen of the bank. Are these TWO should be the same?

(2).

In ITR-2, one has to show figure/amount of Shares & Securities. Which amount is to be shown in this column? Figure under  “Demat Holding” OR figure under “My portfolio” ?

 (REFERENCE: ITR-2, Schedule AL, Asset & Liabilities, Section (B) (iv) , Financial Asset, (b) Shares & Securities)

THANKS in anticipation.

Regards

Navinbhai/26-07-2023

0 Reply Share Follow
On 26 July 2023 at 17:32 Report
Replies (4)
Quick Summary
This discussion seeks clarification on reporting shares and securities in the ITR-2 tax return form. The user is asking for guidance on the distinction between 'Demat Holding' and 'My Portfolio' as shown in bank demat account screens. Specifically, they need to know which of these figures should be reported in the ITR-2 Schedule AL section for Financial Assets.

User Avatar

SEO Sai Gr. Hosp.
212441 Points Posted on 26 July 2023

Is your total income exceeds Rs. 50 lakhs?

Reply
On 26 July 2023 at 19:56
User Avatar

Others
44 Points Posted on 27 July 2023

Sirs,

Let me further add the fact that "Shares & Securities" column is not only in ITR-2 but also this heading appears in many other forms or many reporting documents. So my question is regarding the information that data of which column is to be applied as reply  (i.e.  of “Demat Holding” or of “My portfolio”) ?


 

Reply
On 27 July 2023 at 21:32
User Avatar

SEO Sai Gr. Hosp.
212441 Points Posted on 28 July 2023

Well for your knowledge, here it will be demat holdings....

Reply
On 28 July 2023 at 10:28
User Avatar

Others
44 Points Posted on 28 July 2023

Thanks for the reply.

Please guide me for my 1 st question which is as under:

(1). What is the difference between “Demat Holding” and “My portfolio” which appears in demat account screen of the bank. Are these TWO should be the same?

Regards.
 

Reply
On 28 July 2023 at 11:22

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Sec 8 company sec 12ab reg
  2. AIS Password: How to Open Your AIS PDF?
  3. Interview Questions
  4. ITR Filing Last Date 2026
  5. Tds - filing Conso File for tax year 2026-27
  6. ITR-3 Filing For AY 2026-27 - Tips
  7. Capital Gain on sale of Depreciated Factory Gala
  8. Interesting Observation from a Recent Income Tax S
  9. ITR 3 Utility Not Taking Marginal Relief on Net To
  10. MV Electrosystems IPO Allotment Date, Status Check

More recent discussions | Post

Related Topics :

Loading
Follow