Master in Accounts & high court Advocate
9615 Points
Posted on 24 July 2024
In ITR-3, you need to report the following information related to investments and shares: *Schedule FA - Details of Foreign Assets* - Foreign bank accounts - Foreign securities (shares, stocks, etc.) - Foreign financial interests (mutual funds, etc.) - Foreign immovable property (real estate, etc.) *Schedule AL - Assets and Liabilities* - Details of assets: - Shares and securities (quoted and unquoted) - Mutual funds - Bonds and debentures - Immovable property (real estate) - Details of liabilities: - Loans taken for investments - Credit card outstanding *Schedule 112A - Long-term Capital Gains* - Details of long-term capital gains from: - Sale of shares and securities - Sale of mutual funds - Sale of immovable property *Schedule 115AD - Short-term Capital Gains* - Details of short-term capital gains from: - Sale of shares and securities - Sale of mutual funds - Sale of immovable property *Schedule FSI - Details of Income from Foreign Sources* - Details of income from foreign sources, including: - Dividends from foreign companies - Interest from foreign securities - Royalties from foreign sources *Schedule TR - Details of Taxes Paid* - Details of taxes paid on foreign income, including: - Foreign tax credit claimed Please note that this is not an exhaustive list, and you should consult the Income Tax Department's website or a tax advisor for specific guidance on reporting investments and shares in ITR-3.