I want to know how Short term or long term capital Gain should be calculated in case of transfer of bonus shares. Whether cost of acquisition should be considerced as nil or by averaging purchase price. Whether transfer of shares between shareholders in a same company would be treated as transfer for the purpose of calculation of capital gain.

We are a Software development Pvt.Ltd. Company at Pune., want to know the exact calculation for the employee who is on maternity leave and wants to join back after 3 months. Is the company is liable to pay performance incentives which were paid earlier extra than her salary per month. Actually not getting the term under maternity benefit act - a woman will be paid maternity benefit at the rate of her average daily wage in the three months preceding her maternity leave.

Can a newly incorporated company (incorporated in the last 2 days) change its name or there is any such prohibition?

Pls revert asap.

WE HAVE REGISTERED ONE PRIVATE LIMITED COMPANY WITH CAPITAL OF RS. 1 LAC. TOTAL 4 DIRECTORS SUBSCRIBED 25000 EACH GIVING 25000 CHQ IN THE NAME OF PRIVATE LIMITED COMPANY. . WHAT ARE THE JOUNRAL ENTRIES WE HAVE TO PASS IN BOOKS OF ACCOUNTS. WHETHER HAVE TO CREATE FRIST DIRECTORS ACCOUNTS UNDER SHARE CAPITAL (LIABILITY) AND THEN HAVE TO PASS ENTRIES
BANK ACCOUNT DR. 100,000/-
A'S DIRECTOR SHARE CAPITAL 25000 CR
B'S DIRECTOR SHARE CAPTIAL 25000 CR
C'S DIRECTOR SHARE CAPITAL 25000 CR
D'S DIRECTOR SHARE CAPITAL 25000 CR
IS THIS RIGHT ENTRY?

Is tcs required to be collected in case of advance received in october of Rs.58L and sale is made in March of Rs.85L?
If Yes, on which amount tcs is required to be collected?

An Indian employee working in India of an IT company headquartered in California USA .

In March 2021 he availed the ESOP facility and bought unlisted common stock of the company and paid in USD for the shares .

Now , the shares are being sold to a US citizen / Company based out of US though secondary market wherein the secondary market will charge commission and legal fee.

Another form was submitted to the buyer , being a tax form of US state , asking not to deduct tax before making the payment ; I.e full remittance to be made to the seller - Indian employee

1 . What would be the tax treatment in India ?

2. Is there any liability / obligation for tax to be paid in USA on the profit made in the transaction ?

There are LTCG ( both of gain and loss) and STCG (both gain and loss). Therefore, have to fill 4 items either in the form ITR-2 or ITR-3, but there are 2 filled for M/F and Equity Share. Will have to attach extra sheet and how? Kindly reply. Regards.

Dear Expert,

We are "A" ltd registered in Across PAN ( All the state ) and received renting of immovable property service from "B" from Bengalore and raised invoice from bangalore.
In this case the POS is in bengalore only hence the LL (B) charged CGST+SGST and we have paid the same.
But after verified GSTR2A we found some mistake that the LL wrongly mentioned our tamilnadu GST number but CGST & SGST only shows in GSTR2A.
in this case shall we avail input tax credit.? or its ineligible credit due to POS mismatches.?

In GSTR 2A , Vendor GSTR3B filing status is shown blank,But vendor Filed GSTR 3B ,so how to confirm that vendor has filed GSTR2A

We can take credit of that ITC??

In FY -2020-21 i have earned Rs. 5.25 Lakhs as Income from Salary and 1.65 lakhs from Part Time Accounting Work

Can I file ITR-1