Dear Shri Ashalanshu,
My query is on AIR (Annual Information Report) in general and Code 005 in particular.
There are 8 no. of codes pertaining to various types of transactions which result in acquiring different sorts of assets. If we fulfil any or all of the conditions for the above codes, do we have to file AIR with IT? If so, what is the form for AIR & where it is available? How it should be filled up? Where & when the AIR form should be submitted? What proof of documents should be submitted? Are there any particular dates before which AIR needs to be submitted?
On the contrary, let us assume that I didn't report through AIR. Then, can I show in the AIR Schedule of relevant IT Returns form?
The other query is related to Code 005 i.e. 1 lakh or more invested in shares of a company. I am a salaried employee. If I invest, say, 1.5 lakh in 6 different companies, should I report it through AIR? Or do I have to report & show in my filing of returns only if my share investments in ONE company exceeds 1 lakh regardless of total investments in different companies.
Pl. add any other info related to AIR too.
thanx.
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