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ITR-2 (Shares & Securities) related Guidance REQUESTED

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Navin Talati

Others

39 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

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.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121543 Points Posted on 26 July 2023

Is your total income exceeds Rs. 50 lakhs?

Navin Talati

Others

39 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”) ?

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121543 Points Posted on 28 July 2023

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

Navin Talati

Others

39 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.