Confused About Form 15G for PF Withdrawal? Need Help with Schedule 1 and Share Details

irshad-k-m
I am trying to fill Form No. 15G for PF withdrawal. I have a doubt in Schedule 1. It asks us to disclose the shares owned in one's name. I have around 20 different shares which I purchased at different time periods (all purchased after quitting my regular job).

Disclosure of Shares in Schedule 1

Do I have to attach a separate sheet for Schedule 1 and give full details about it? "(Details of shares, which stand in the name of the declarant and beneficially owned by him)"

Dividends and Share Acquisition Dates

Do I have to mention the dividends only for this financial year that I received from the shares? Or do I have to calculate it all from the past two years? And the dates on which the shares were acquired - there are shares of the same company that I have acquired on different dates; I don't have the exact details of that, just the consolidated number of shares in each company. Will that suffice?

Please let me know if more clarification is needed from my part. I am really confused in declaring this. Any help will be much appreciated. Thanking you in advance.
Adv. Manish Gadre
Hi,

Form 15G is filed for claiming income tax exemption on certain incomes. Hence, it is suggested to disclose the details of shares held in a separate document. The dividend received in the applicable financial year should be shown. The date of purchase of shares is necessary. You must have purchased shares through some Demat account or through a share broking agency. You will be able to get the details from the respective source.

Regards,
Adv. Manish Gadre
manishsgadre@gmail.com
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute