Whether share trading profits of INR 1 LAC in STT paid and STT not paid all in listed stocks can be shown as business income in ITR. I m trading since 5 year's I m a trader.

Madam / Sir,

I have received inherited shares after my mother's death to my account. Say company 'A' which was purchased by my mother for Rs 160 per shares in 2019 and the same is at present trading around Rs 620. The same share is transferred to my demat account after the inheritance process. On the day it was transferred this share was trading at Rs 595. Now in my capital gain report generated by my broker platform it shows that Rs 620 - Rs 595 = Rs 25 per share capital gain whereas actual is Rs 620 - Rs 160 = Rs 460 per share. Thus, while filling ITR for FY 25-26 (AY 26-27) which figure is to be taken for calculating capital gain tax for myself.

Now in new scenario the shares of company ‘B’ purchased by my mother in 2020 @ 146 and the same was inherited and credited in my demat account. I have sold some of these shares in Dec 2025 @ 308. How much would be the capital gain for me for these shares of company ‘B’.

In another scenario shares purchased by my mother in 2021 @ 48 and now it is trading @ 22. If I sell it then what would be the tac scenario.

I request to explain me in detail all these scenarios tax implications for me for filling ITR of FY 26-26 (AY 26-27)

Thank you very much in advance.

Paresh Jani

Hi CA club india experts,
i would like to know about my company is pvt ltd company and doing export business but i want to ask an question plus answer
one of my party giving me 10000USD dollar @80 rate on june 2024 and i have sell the container to my party final invoice 40000usd dollar @82 rate in September 2024 can i have to book the entry any foreign gain or loss entry in our books of account if partially advance received before selling the container if yes then in my mind confusion advance rate is locked system and no monetry item and we should not the bookd fx gain or loss entry in advance remittance m i ryt pls ela orate this issue as per law and
second scenerio is if remaining partial remmitance received in f.y. 2024-25 and balance remmitance received on after end of f.y. 24-25 then what we should have pass the fx gain or loss entry kindly suggest me for above two situation with real time example.
Thanks
Deepak

My STT-unpaid STCG is INR.18427, and my STT-paid STCG is INR. 72000. LTCG is INR(-)23000. Can I show the entire STCG as business income?. I have been a trader for the last 4 years.

If no, then do I still need to pay the advance at 20% tax on 15th March 2026 for the STT paid STCG of INR.72000, as I made above INR .10000 gains in this last quarter due to the rise in silver and gold? I did not anticipate this gain, so I did not pay any advance tax for three quarters. last 3 years' gains were below INR.10000.
I have a small professional income of INR 25000 under sec 44ADA. Please Advice.
Your advice was very helpful in my last ITR filing. Thanks in Advance.

Can a parnership firm insert a clause in its deed wherein it is stated that the Interest on Capital will be payable to the partners at rate not above 12% and the same shall only be payable on the opening credit capital balance of the partners.No interest shall be payable on the capital withdrawn or introduced during the Financial Year for which the Interest is to be calculated.

AO CAN RE-OPEN CASE ON BASIS OF CASH DEPOSIT?

At the time of online correction in TDS return Modify / Add deductee details, an error generate at the time of saving the correction, as below since last 10 to 15 days

System has encountered some technical problem. Please try after some time

An assessee does not own any residential house property on the date of transfer of a long-term capital asset (other than a residential house). The assessee proposes to purchase two residential house properties out of the capital gains.

In such a case, can the assessee claim exemption under Section 54F in respect of both the houses, or is the exemption restricted to investment in only one residential house?

Further, does the one-time option of investing in two houses (capital gains up to ₹2 crore) apply to Section 54F as well, or is it restricted only to Section 54?

Respected Sir,
Propert Value is 60,00,000

Buyer is 4
Seller is 2

While Filling Form 26QB in Column Total Value of Consideration (property Value ) is 60 Lakh or Proportionate Basis respect of One Seller i.e 7,50,000 Rs.

on You tube Channel Name CA GURUJi suggest TDS on full property value, while other professionals suggest proportionate value.
Kindly clarify the correct legal position

We Entered Full Value i.e. 60 Lakh So any notice Will be Received ?

Rent paid to NRI by individual tenant. Whether TAN number is to be obtained by Indian individual tenant ? As I know that there is no basic limit of rent paid to NRI . correct ?