To keep a check on the investment in closely held companies, a new table has been inserted in ITR forms [ITR-2, ITR-3 & ITR-5] to seek the following details in respect of unlisted equity shares held at any time during the previous year by an assessee:
Name of the company;
PAN of the company;
and cost of acquisition of shares held at the beginning of the year;
of shares, face value, issue price (or purchase price), and date of purchase of shares acquired during the year;
and sale consideration of shares transferred during the year; and
and cost of acquisition of shares held at the end of the previous year.
If the ‘cost of acquisition’ or ‘sale consideration’ of unlisted shares is not ascertainable because those shares were received under a gift, will, amalgamation, etc., then the assessee may enter zero or the appropriate value in respective fields.
The details furnished in this table are required only for reporting and are not relevant for the computation of income or tax liability1.