tds files
02 July 2026 at 17:54

Capital Gain on EUITY Shares

i purched swiggy unlisted share at 50/- per share early 2015, after ipo today i sell at 249/- per share 500 shares.
tell me Capital gain.


SAINATH S BONDKULE

Respected Sir,
Please guide me regarding article ship exemption as I was student of ICAI registered under previously PE-II in 2005 & in IPCC in 2012 (conversion entry) Course but due to some issue at that time I can't complete course but now I am interested and want to continue CA course with my service in Govt Organisation in the Finance and Accounts Dept. working since last 9 years. I also have an experience of finance and account field after completion of my graduation in Private organisation BASIX/Shriram Chits/CA Office with experience certificates in hand. Please aware me about the procedure to get exemption for article ship by considering my experience in finance and accounts/audit/taxation after graduation


Mahesh Joshi

Salary and pension received from Asian Development Act is exempt under UN Privileges and Immunities Act and till last year we used to show under OTHER EXEMPT INCOME. But for this year tax return they have removed the option of other exempt and we have to select section respective section 10.But I do not find specific section under 10.
My querry is how to show this exempt income in this year return?


Mahabir Prasad Agarwal
02 July 2026 at 12:40

BIS Certificates

Sir, what is BIS Certificate and how it can be received ?


D M

Hi Experts,
I am currently in RNOR Status. I have been investing in Indian Growth Mutual Funds (No Income generated as of yet) from past 1 Year. The source of the investments are as below
1. My own Income
2. My In Laws FD Interest Income (FD were created as gift from us from foreign)
3. My Foreign savings

can you tell me best approach to report it ?
1. As I am in RNOR no need to report it as govt gives us time to transfer money
2. Create Gift Deed every year
3. Report in Schedule Exempt Income in ITR Filling

Appreciate your advice.

Thanks,


MAKARAND DAMLE

For issuing notice u/s 143(2) for AY 25-26 30th June, 2026 was the last date ?


Nitin Khaire

Dear Sir,
Please share notification no about IMS mandatory from 1st July 2026.

Regards
Nitin Khaire


Kunjan

i bought reliance in 3 lots, how to calculate long or short term as fifo may give more than 1 date right?

example - 3 bought reliance ,
then 2 sold,
then 6 bought reliance,
then 5 sold.

for this 5 sold, 2 fifo dates will come. 1st lot date and 2nd lot date.
then how to calculate period of holding?

my view--> take any date in fifo to calculate period of holding (long or short term).


Shweta

As I am trying to generate revised Form 16A, the IT portal is showing correction return (Form 27Q) filed till 27th May. But I filed latest correction statement on 20 June and TRACES portal shows the status as processed without defaults.
Query: Is it normal for processing time to be this long (last TDS return was revised on 20 June) on income Tax portal.
I need it because it will have Provisional Receipt Number that is required to be mentioned for generating revised Form 16A.


Ritesh

Hello sir ,
Want to check if any one have salary income less than 10 L per annum and having capital gain less than 1 L . Not having any major income like house property. She also received gift for mutual fund from her spouce but that mutual fund yet not sold so Clubbing not applicable to her spouce.

Can he/she should filled ITR1 rather than ITR2 ?






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