Yes u can show now.
i have invested in equity share 2 yrs back but not shown in IT returns Iam a regular tax payer can i disclose them now
will there be scrutiny
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.
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