You will need to provide complete details including the name of the company, PAN of the company, number and cost of purchase at the start of the year, number of shares, face value, issue price among others. Likewise, a taxpayer needs to furnish details of shares in an unlisted company in the ITR-2. While sharing property details in the ITR-1, you need to specify whether the property is - 'Self Occupied', 'Let-out' or 'Deemed Let-out.' Last year’s ITR-1 did not have 'Deemed Let-out' specification. Likewise, for individuals with two house properties on rent need to report the same amount in the ITR-2. For people with one house property on rent, the rent amount needs to be mentioned in the ITR-1. Another change in the form says, if you have any rent arrears in FY 2018-19, you will need to share these details property wise, as received while filing ITR-1 or ITR-2 as applicable.

Irrespective of whether it’s a short-term capital gain that one has received or long-term, the taxpayer should include all the buyer details.

Click here to access Notification No.11 Amending some of the Income Tax FormsĬlick here to access Notification No.8 Amending some of the Income Tax Forms Form No.įor individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousandįor Individuals and HUFs not having income from profits and gains of business or professionįor individuals and HUFs having income from profits and gains of business or professionįor Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.- Under this regulation, if a taxpayer has sold the property during FY 2018-19, the person needs to share complete details of the buyer who has bought the property.

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