Disclosing shares purchased in IT-return

ramkasi

Active member
#1
Alchemist, i read that if someone purchases shares worth more than one lakh rupees of a particular scrip in a FY , he needs to disclose that in returns filling.

Is this means if some one purchases a particular scrip with 50,000 rs. three times and exits three times during the same FY , will he still needs to disclose :questionmark:
 
#2
Alchemist, i read that if someone purchases shares worth more than one lakh rupees of a particular scrip in a FY , he needs to disclose that in returns filling.

Is this means if some one purchases a particular scrip with 50,000 rs. three times and exits three times during the same FY , will he still needs to disclose :questionmark:
Refer this

4. Annual information return
While filing income tax returns, it is essential to disclose any significant investments made during the year, transactions of immoveable property, cash deposits and credit card expenses aggregating or exceeding certain threshold limits. For example, credit card payments of Rs. 2 lakh or more on a credit card, purchase of shares of a company of Rs. 1 lakh or more, and purchase of units of mutual funds of Rs. 2 lakh or more, etc.
Here is more about AIR.

However none of these are applicable for individuals. From the Assessment Year 2011-12 individuals are exempted. Read here.
 
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