Which ITR Should I File if I Hold Unlisted Shares?
Holding unlisted equity shares during the relevant year makes ITR-1 unavailable. For an individual or HUF without business/professional income, ITR-2 is generally applicable.
Quick Answer
In practical terms, Holding unlisted equity shares during the relevant year makes ITR-1 unavailable. For an individual or HUF without business/professional income, ITR-2 is generally applicable.
Who can use the simpler ITR forms?
The Income Tax Department specifically states that a holder of unlisted equity shares is required to furnish ITR-2 when otherwise within the ITR-2 category.
What to check before choosing the ITR
If you have business/professional income, ITR-3 may apply. If the shares are sold, capital-gains reporting and the applicable Schedule CG details must also be completed.
When another ITR may be required
Keep the acquisition documents, demat statements, share details and sale records where applicable.
Practical filing tip
If you hold or sell unlisted shares, consider the capital-gains reporting and disclosure requirements before selecting the ITR. Keep acquisition, sale and holding-period records ready.
Related EZTax Questions
- Who Can File ITR-2 for AY 2026-27?
- How Are Unlisted Shares Taxed on Sale?
- What Is Section 50CA for Unlisted Shares?
