Dear Experts,

I am a recently qualified Chartered Accountant from the May 2025 examination. I re-joined my articleship firm as an employee in December 2025. I obtained my Certificate of Practice (COP) in February 2026. However, my employment details have not yet been updated by the auditor in the SSP portal of ICAI.

I seek clarification on the following:

1. Does “part-time COP” mean holding a COP while being employed in a corporate organization (non-CA firm) only?
2. After my employment details are updated in the SSP portal as an employee of a CA firm, will I still be considered as holding a full-time COP?
3. Can I sign reports or undertake assignments for my personal clients while continuing employment with the audit firm, irrespective of whether it is considered full-time or part-time COP?
4. Is written consent from employer firm mandatory before signing independent reports?
5. Are there any restrictions under the ICAI Code of Ethics regarding dual practice and employment under another CA?
6. Is prior permission or intimation to ICAI required before accepting personal assignments while being employed in a CA firm?
7. Is there any requirement to register a proprietary firm separately in SSP portal for intimation to ICAI before signing personal assignments?
8. if ICAI not allowed to practice my own while doing employment in CA firm, Can be sleeping partner with another CA alongwith employment in CA firm?
9. Are there any specific ICAI regulations governing the rights and restrictions of a COP holder employed in a CA firm, particularly regarding signing authority and independent practice?

Before deciding whether to continue employment with the CA firm while holding COP or to start independent practice, I would like to understand the legal and ethical position clearly.

I request the experts to kindly guide me.

Thanking you in advance.

Dear Sir,
I filed TDS return for the period Q3. But in that mismatch or not entered the short deduction certificate number. Now how to rectify that.
Can anyone help me out.

A private Trust intends to Gift some land to a society for running a school.
My questions are:-

(1) whether this transaction is treated as Capital Gain in the hands of Trust u/s 50C ?
(2) And what about Society ? Will they have to pay tax ? As they will receive Immovable property without any consideration [Section 56(2) ]

Dear Sir,

I have filed Income Tax Return of the firm for A.Y. 2025-26, while filing the Return of Income I have not consider Advance Tax paid by the firm and Income Tax Return is processed also. Now, what I can do for taking Advance Tax for claiming refund.

Please do the needful & oblige.
Vishal Bhalerao

A Hindu person died intestate in tamilnadu. He have a self acquired property in tamilnadu. He has 3 sons and one daughter. Son 1 died left with one son and five daughters and out of them one daughter died already and her husband is alive. Son 2 have one son and one daughter. Son 3 married but no issues. Daughter of deceased married in 1966. I want to know to share their proportionate share among them. How much each coparceners have entitlement of such land?

I am paying monthly Rent of Rs. 40,000/- & Rs. 1,25,000/- to Single Owner for 2 Property at different location. Now i want to deduct TDS u/s 194IB.

Just want to confirm that can i deduct TDS on 1,25,000/- or Total 1,65,000/- (40K + 125K).

Payment of rent is paid seperately by 2 different cheque resp

Kindly advise on the procedures to be followed for

(1) transferring the electronic ledger balances to the new entity
(2) Advance for service was received in the old entity ( Firm) and actual invoice is received by new entity ( P Ltd Co) . How to deal this situation ?

Pls help

My salary income is 8 lacs and short term capital gain under sec 111A is 2 lacs for the financial year 2025-26? Is rebate under sec 87 a applicable for short term capital gain income under new tax regime?

Dear Sir,

A small company was incorporated on 27-04-2024 and has received the Certificate of Incorporation. However, no further compliances under ROC, GST, or Income Tax have been completed to date. I seek clarification on the following points:

1. Since the company was incorporated towards the end of the financial year, is it sufficient to conduct only one Board Meeting instead of two for the first financial year due to the short period available?

2. The subscribed share capital has not yet been transferred to the company’s bank account. Further, Form INC-20A has not been filed and share certificates (Form SH-1) have not been issued to the shareholders. If the subscription amount is transferred now and compliance with INC-20A and SH-1 is completed, can the share capital be reported on a due basis in the balance sheet for the first and second financial years?

3. Is it mandatory to convene a Board Meeting for every Board Resolution passed during the year? Can resolutions be passed without holding a formal Board Meeting?

4. The GST registration (GSTIN) of the corporate state has been cancelled suo motu by the department. Is it possible to apply for revocation after the extended time limit has lapsed? Additionally, can GST registration be obtained for a branch state if the GSTIN of the corporate state has not yet been revoked?

Kindly guide on the above issues.

As we are engaged in manufacturing and supplying of Unmanufactured branded Tobacco HSN code 24011090 Manual packing no machine installed.
Please advise how much Central excise duty and GST will apply on above products.Also valuation pattern on GST and Central excise duty.