Respected all Experts,

This is Jay Ranpura - Inter C.A Ma'am,

Mr. A having a Gold Business from 1985 and in 2017 he give gift of his some gold stock (500 gms) to his son Mr. B cost value Rs. 545(1 gram) (stock as on 2001-02) now his son want to sales this stock @ Rs. 4006/- (Consideration value)(Index Cost: 289).

Issue under consideration : - Can Mr. B get benefit of Indexation under this transaction with previous owner cost & index value (Means Value : Rs. 545 & Index Cost: 100)?

I would like to know more about Short term capital gain tax on shares. Can we claim refunds on such deductions if our taxable income is within the limits.

Dear sir,
My father has shares of HDFC bank in physical form. The Dramatic Services issued him shares cerificate and sent them by speed post which neither reach us and, according to them, not returned to them. When he emailed them about it they are asking him to apply for duplicate share certificate. Since, as it appears it was lost in transit, the onus of losing falls on the issuing authority.
My father is 82 years old and is suffering from cancer and he needs to dematerialize these shares in order to sell them.
Can you please advise me how to follow this case? Shall we ask Dramatics Services to lodge complaint of lost as it is not my father's fault to lose them as he never possessed them physically.
Thank you in anticipation.
Sanjay

Is it possible to issue Preference Shares above 200 numbers in a financial year by NBFC registered with RBI.?

we would like to change the order of names in the listed equity share certificate. first holder is A and second holder is B. we would like to make B the first holder and A the second holder. Can anyone tell me whether there will be any income tax or capital gains on the above transaction. In which book can we find the tax rules for the above transaction. thanking you all. please reply

Respected Members,
I hope you all are doing well!
I am a full-time employee working in Noida. I want to start a course in the stock market. Can someone please let me know the best institute for doing the course and learn how to trade?

I have sold few shares which has been with me for several years and providing the details below.

Profit: Rs.19,11,008/-
Exemption: Rs. 1,00,000/-
----------------------------------------
Actual Profit: Rs.18,11,008/-
Loss from
Previous Year:Rs. 40,156/-
--------------------------------------
Actual Profit: Rs. 17,70,852/-
10% Tax: Rs. 1,77,085/-
4% Cess: Rs. 7,083/-
Total Tax: Rs. 1,84,168/-

Is my above calculation correct? Please let me know.

Do I need to pay the complete Tax of Rs.1,84,168/- now itself or can I pay 45% i.e.Rs.82,876/- now and pay the rest later?

Experts please suggest.

"A" was a Director in a Company. He had one son and two daughter named as x, y and z. "A" made a "will" and registered with their registrar in 2013. He wrote in the will that the shares held by him in the company will be transmitted to his son "x" and daughter "y" in the ratio of 50% each. "A" expired in 2017. Now his son "x" requested the company to transmit 50% share in his name. He also submitted photocopy of will along with Death Certificate of Father and Mother. Please clarify :

1. Whether 50% share transmitted to the son "x" is or not.

2. If yes, then what the formalities should be done by the company.

Hello Sir,

I am doing swing trading in cash ( ie I hold shares for 3-5 days ) and sell it. I am having a small loss.No trading has been done in F&O and intraday. Only in equity cash segment.
I also work in an IT company and tax slab is 10%.

Do I need to have tax audit if I need to carry loss for 8 years?And does it come in non- speculative income.

How will it be taxed and which ITR form should I fill.

Please help.

Regards.
Pranav

I am an Government Employee and have salary of Rs. 10 lacs pa.
I have FNO losses of Rs. 7 lacs for FY 2018-19.
Request you to please guide me which ITR form I have to file.
Is TAX AUDIT is mandatory in my case.