I hold shares in an unlisted foreign company which has been duly reported in the Schedule FA. Whether I am required to report the same again in the column "Whether you have held unlisted equity shares at any time during the previous year?"
FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23
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Reporting obligation for unlisted foreign company shares: still answer the unlisted-equity holdings column despite prior Schedule FA disclosure. A taxpayer who reported shares in an unlisted foreign company in Schedule FA must nevertheless answer affirmatively and disclose those unlisted equity ... Summary
Reporting obligation for unlisted foreign company shares: still answer the unlisted-equity holdings column despite prior Schedule FA disclosure.
A taxpayer who reported shares in an unlisted foreign company in Schedule FA must nevertheless answer affirmatively and disclose those unlisted equity holdings in the Income-tax return column asking whether unlisted equity shares were held during the previous year; Schedule FA reporting does not exempt the taxpayer from this separate reporting obligation.
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