22 August 2010
AIR requires disclosure to be made in the return of income if any person has acquire shares of any company. I wonder whether this shares should have been purchased through an IPO. Or shares purchased from market are also required to be disclosed? please give some light.
22 August 2010
Shares purhased through a IPO above Rs. 1 lakhs only needs to b disclosed in AIR part of ITR not shares purchased from market.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
23 August 2010
ok..but is there any obligation on the part of broker to file AIR for purchases made above Rs. 1 lakh from market? the return part is clear.thank you