ITR - UNLISTED EQUITY SHARES DETAILS IN ITR –should be simple and only when there is impact on income or loss of assesse and not in other cases. By dropping un-necessary reporting about unlisted shares lot of pressure on ITD portal and return preparer can be reduced.

ITR - UNLISTED EQUITY SHARES DETAILS IN ITR –should be simple and only when there is impact on income or loss of assesse and not in other cases. By dropping un-necessary reporting about unlisted shares lot of pressure on ITD portal and return preparer can be reduced. https://www.taxtmi.com/article/detailed?id=10134 Reporting of unlisted equity shares should be required only where holdings affect taxable income or loss; current rules force reporting of any holding at any time during the previous year, with mandatory fields (company details, PAN, opening/closing balances, acquisition and sale particulars) that are often unavailable for long held, delisted, suspended or struck off companies, creating validation failures and unnecessary compliance burden. en-us Fri, 24 Dec 2021 10:30:26 +0530 Fri, 24 Dec 2021 10:30:26 +0530 TaxTMI RSS Generator ITR - UNLISTED EQUITY SHARES DETAILS IN ITR –should be simple and only when there is impact on income or loss of assesse and not in other cases. By dropping un-necessary reporting about unlisted shares lot of pressure on ITD portal and return preparer can be reduced. https://www.taxtmi.com/article/detailed?id=10134 Reporting of unlisted equity shares should be required only where holdings affect taxable income or loss; current rules force reporting of any holding at any time during the previous year, with mandatory fields (company details, PAN, opening/closing balances, acquisition and sale particulars) that are often unavailable for long held, delisted, suspended or struck off companies, creating validation failures and unnecessary compliance burden. Articles Income Tax Fri, 24 Dec 2021 10:30:26 +0530 https://www.taxtmi.com/article/detailed?id=10134