I have held unlisted equity shares as stock-in-trade of business during the previous year. Whether I have to report the same 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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Unlisted equity shares disclosure is required when held as stock in trade, and must be reported in the return column. Where unlisted equity shares have been held as stock-in-trade of a business during the previous year, the taxpayer must indicate that fact in the return field asking whether unlisted equity shares were held at any time during the previous year; an affirmative response is required for such holdings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unlisted equity shares disclosure is required when held as stock in trade, and must be reported in the return column.
Where unlisted equity shares have been held as stock-in-trade of a business during the previous year, the taxpayer must indicate that fact in the return field asking whether unlisted equity shares were held at any time during the previous year; an affirmative response is required for such holdings.
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