21 December 2022
Dear Experts, I have some shares in a Pvt Ltd Company. I will file my ITR. So, What can I do about this Shares...? Can i show the share details in ITR...? (under ITR-3 --> "Whether you have held unlisted equity shares at any time during the previous year?" ) Please reply as soon as possible. Thanks & Regards
21 December 2022
If you are filing balance sheet with capital account in ITR 3, you can declare them under investment; but otherwise no details need to be filled under general information.
22 December 2022
In ITR 4 there is no question of BS, so any individual investment cannot be declared. Even in that case if investment i.e. BS option available (as in ITR 2/3), you can declare; otherwise not. Only option to declare is Dividend income, if any.
22 December 2022
Okay Sir... One more doubt. In case the person file with ITR 4 and declare (or not) the amount in the other assets column. Then it will make any problems...?
22 December 2022
The other assets there are related to business and not personal. Still if you have any particular intention to declare them in ITR, you may add them.
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