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Reporting of shares of cooperative bank in itr 2

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Mahesh Shah

2493 Points Posted on 20 June 2023

shares of non listed cooperative bank as regulated under banking act require reporting in itr 2 ???( since they do not fall under company act)

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This discussion clarifies whether shares in a non-listed cooperative bank, regulated under the Banking Act, need to be reported in Income Tax Return 2 (ITR 2). The consensus is that these shares are not required to be reported as they are treated as an Association of Persons (AOP) rather than falling under the Companies Act.