An individual was a pertner in an LLP since 2018 with a Capital contribution of Rs 20Lakhs. During August 2025 the subject LLP was converted in to an unlisted Private limited Company and the Individual partner was alloted 29,650 equity shares of Rs 100 each in the newly formed provate limited company against individual's capital in the LLP. During April 2026, the Individual sold 50% of alloted share (14825 equity shares) in the Private limited company to another individual for a total consideration of Rs 40Lakhs. Compute the Tax implications for AY 2026-27 and 2027-28 with respect to conversion and sale of shares.

A capital asset is purchased for use in both taxable and exempt supplies. There were no exempt supplies for the initial few months after purchase, but exempt supplies were made later. While calculating proportionate ITC reversal, should the calculation consider the entire period from the date of purchase, or only the months in which exempt supplies were made?

Dear Sirs
As per new wage code introduced in November 2025, the defination of wages has been changed as Basic+DA only.
As per this can you please help the ESI applicability?
should we deduct ESI whose Gross salary Rs 42,000 then Basic Salary is Rs 21,000(50% of Gross).
So its make applicability of ESI on this? and we have to deduct ESI on Rs 21,000/- or not?
Please clarify.

I would appreciate some guidance on the recent changes to the SEBI Listing Regulations.
Prior to the introduction of Chapter VA, most debt-listed entities, particularly those classified as High Value Debt Listed Entities (HVDLEs), were complying with Regulations 16 to 27 relating to corporate governance.
With the introduction of Chapter VA, which is specifically applicable to listed Non-Convertible Debt Securities (NCDs), I have a couple of queries:
1. Are Regulations 16 to 27 still applicable to HVDLEs, or does Chapter VA now fully govern their compliance requirements?
2. In a situation where a company qualified as a High Value Listed Entity during part of the last quarter of FY 2026–27, but subsequently falls below the revised threshold of Rs. 5,000 crore, would it still be required to comply with filings such as the Corporate Governance Report and Related Party Transaction disclosures for the quarter/year ending March?
Any insights or clarifications from professionals or those who have dealt with similar situations would be greatly appreciated.

Thank you in advance

Dear Sir/Madam,
Kindly help me to solve my problem
My daughter (11 years) old holding a minor pan card which linked with aadhar
But her aadhar card is cancelled and we have to make new aadhar card
So I want to know what should I do now
1. will pan card also cancel automatically in future?
2. should I make new pan card with new aadhar

Thanks

SSP doesn't have an option to close sole prop firms - in the closing of firm it asks to assign another incharge. How to go about it?

thanks in advance

One of our client providing security services and housekeeping services in Maharashtra, Security services comes under RCM. In such case Our client issue RCM Invoice and gst is paying by service receiver to the gst department and Housekeeping services, In such case our client issue tax invoice . Client company name and GST number are same. Can Our client issue both RCM and Normal tax invoice in single GST number??

Sir, prior to F.Y. 2015-2016, there were certain demands on account of the above section, which I would like to challange before the first appellate authority as there was no enabling section in the Act to levy late fee U/s.234E till the F.Y. 2015-2016, ie. enabling provion has come in to force from 01-06-2015, but I do not have the Notice u/s.156 or intimation U/s.200A. So, How do I proceed in the absence of the above intimation or notice, kindly advise.

I have a query regarding LTCG filing under new tax regime for F.Y. 2026-27. I purchased a property in February 2012. I will be selling this property in May 2026. I want to understand that if I file ITR for F.Y. 2026-27 under new regime, will I be able to consider COST of ACQUISATION WITH INDEXTION and pay LTCG under old rule of 20%?

Sir, whether Traces portal is under construction, becuase, nothing is visibal and not working