ITR-2 (Shares & Securities) related Guidance REQUESTED

ITR 236 views 4 replies

Navin Talati

Others

44 Points Joined August 2015

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

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208298 Points Joined July 2016

Is your total income exceeds Rs. 50 lakhs?

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”) ?

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208298 Points Joined July 2016

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

Navin Talati

Others

44 Points Joined August 2015

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.