Regarding shares

Yes u can show now.

Dear Sir,

Investment in equity shares need not to be disclosed. However, when you sale those shares, then it has to be disclosed in the ITR.

Further, if you sale the shares after 1 year then there is not tax on listed shares, only disclosure is required.

Please feel free to call/revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

hi,

you have invested in shares and it is long term, you need not to disclose the investment.

But need to disclose dividend income under exempt income,

When you sell shares than you just need to disclose it, there is no capital gain tax on listed shares held for more then a year.

if you are holding non listed shares then also at the time of selling these shares you need to pay capital gain tax and show it in IT return in the financial year in which you sold those shares.

No, there will be no scrutiny.

Which ITR form u filled

No need to show any transaction at the time of purchase, unless your gross income is in excess of Rs. 50 Lacs.

However required details need to be show at the time of sale and accordingly tax computation need to be done.

Hi, you need not disclose Purchase of Shares. However, whenever you sell the shares, there will Capital Gain/Loss which has to be disclosed.

Trust this clarifies your query

Sir if the investment is out of known sources then there will not be any problem. Also if you have sold shares in any of the previous years then you need to check whether return can be revised

Hello Sir,

Which ITR do you file normally ?

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP