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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23 |
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In case unlisted equity shares are acquired or transferred by way of gift, will, amalgamation, merger, demerger, or bonus issue etc., how to report the "cost of acquisition" and "sale consideration" in the relevant column? |
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Ans. You may enter zero or the appropriate value against "cost of acquisition" or "sale consideration" in such cases. Please note that the details of unlisted equity shares held during the year are required only for the purpose of reporting. The quantitative details entered in this column are not relevant for the purpose of computation of total income or tax liability. |
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