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I am a CA in employment and I wish to become a SEBI registered investment advisor to provide advisory services part-time. I understand members in practice can do that but I couldn't find anything for members in service. I would really appreciate any help with my query.
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I inherited shares from my father after his demise in Sept. 2019.
My father had bought those shares before 31-1-2018.
The shares were transferred (by off-market transfer) to my demat a/c in March 2020.
As this was transfer without payment of consideration, the cost of acquisition for me would be my father's purchase price.
My query :
I sold some of the shares last month.
As those shares were purchased by my father before 31-1-2018, can I apply FMV (as per grandfathering clause) while calculating my LTCG?
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Dear Sir,
We have mentioned wrongly figure in stamp duty paid challan now we have to rectify the same,
Please give me draft correction request letter
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Hi All, If i want to gift share to my mother demat account and i again wanted to transfer those share to my account from mother's account. Is it possible? and is there any tax implication? By transferring again back to me, to determine nature of capital gains whether STCG or LTCG, the date of acquisition by the previous owner till date of sale is necessary. Could you please confirm date of acquisition will be considered from since i have purchace those shares first or it will be consider when my mother got the shares before again transferring back to me?
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Dear Sir
Our company is in state of maharashtra,
What is present stamp duty rate for share transfer form.
Please revert
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Can a person who is the first holder of shares (physical certificate) transfer shares in his single name, since the 2nd Holder (a friend) has not been traceable since more than 10 years.
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I was allotted shares of my company in lieu of vested stock options at a certain price. In order to buy the shares I was given a loan by an Employee Welfare Trust and the shares alloted were issues with me as the first owner and the Employee welfate trust as second owner.
After the loan was repaid, the name of the Employee Welfare trust was removed by notung this as a transfer to my name in the Memorandum of Transfers in the physical share certificates.
The FMV at the time of this transfer was more than the original exercise and issue price of the shares.
Does this difference qualify as "Income from other sources" or not.
My contention is that shares were in my name all the time so it is not an income if the share price has appreciated in the meanwhile till I dispose of the shares. What section of various Acts can I use to substanitate my claim.
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What does PAAO means in IEPF status
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I have online applied through iepf for recovery of shares. Now status showing PAAO. What does it mean
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Dear Sir,
Should I invest in the American stock market as well apart from the Indian stock market for diversifying my portfolio for a long-term investment horizon, or should I only invest in India?
Please advise.
Regards,
Divyesh Jain
Can a CA in employment/ service become a SEBI registered investment advisor?