Do I need to report unlisted shares in ITR?

Income Tax
1

I bought some unlisted shares this year. Do I need to report it when I file my taxes and if so how can I report it? I haven’t sold them yet and not planning to sell them until they get listed.

2

Hi @knight

Yes, you need to report the unlisted shares in ITR. You have to report the same in Personal Information << “Part A General” << Unlisted Equity shares. The following details needs to be reported:

  1. Name of the Company
  2. Type of Company (Domestic or Foreign)
  3. PAN of the Company
  4. Number of Shares
  5. Date of purchase
  6. Face Value
  7. Issue /purchase price

Thank you.

3

What if some listed company delists themselves? Do we still need to mention such holdings anywhere in the ITR?

4

My understanding is that for the purpose of this reporting , shares listed in foreign exchanges, which are otherwise treated as unlisted shares for the purpose of taxation , are specifically excluded. Can someone please confirm this ?

5

Hello @NAB

Once the company delist itself, you can book the loss considering sales value as 0 if nothing is received back and report Capital Loss under Schedule Capital Gains.

No need to report under holdings once the shares delist which were listed earlier.

Thank you.

6

Hey @RanS

Yes, you are correct. The holdings of shares which are listed on foreign exchanges have to be reported under Schedule FA in a specific format.

Thank you.

7

Hey @AkashJhaveri ,

The company is still functional, they offered the buyback as well before the delisting, but I chose to remain an investor. In this case, it is required to report them in the unlisted category?

Example: Hexaware

TIA