Easy Office
LCI Learning


BIPLAB CHAKRABORTY

Sirs
18 nos Bonus shares have been allotted to me but these shares are not physically with me as these were "Undelivered" and still with the Registrar.
May I claim these shares along with "Unpaid Dividend" from IEPF in "IEPF Form 5" ?

Regards
Biplab Chakraborty


BIPLAB CHAKRABORTY

Sirs
While filling up IEPF FORM 5, I am facing following few difficulties :
1. In Sl. No. 4 , where and what amount to put value of Shares (is it approx. Market value OR to LEAVE BLANK) ?
2. In the 2nd. Page, what will be the no. of claims, is it 3…i.e. (i) Dividend amount (ii) Original 18 equity shares and (iii) Bonus 18 shares ?
3. In the last page, who will be the Authorised Officer to approve this e-form and how can I do so?
4. Sir, can I claim for Refund of 18 bonus shares.... Physically not with me... Undelivered... and with RTA ?
Please advise.

Regards
Biplab Chakraborty


































Yuvraj Gulia

One of my relatives did some intraday stock trading in last financial year, he is salaried, working in a company (office job: 9 AM to 5 PM).

He pays monthly broadband bills of his residential premises issued in his name via online mode but during market trading hours he was in the company office. However, for learning and planning of the intraday trades, he utilized the internet broadband connection of his residential premises.

Can he claim the expenses incurred towards monthly broadband bills of his residential premises?

What other expenses can he claim besides these expenses and apart from "Stamp duty", "Brokerage", "Securities Transaction Tax (STT)", "IGST", "SEBI turnover fees" & "Exchange transaction charges", with respect to this speculative business (intraday stock trading) income / loss?

Is it necessary to have proofs or invoices of all such expenses?

If some payment was made in cash for repair of laptop or buying its accessory utilized to learn and plan the intraday trades but no invoice received, can he avail this expense?

Please respond in detail in an elaborative manner.


Naman Singhal

ABC Company's name changed to XYZ after amalgamation. I hold the physical shares certificate in name of ABC, therefore, the request for dematerialization was rejected, and asked to get a new cert in name of XYZ.
What is the procedure to get the same done?


Ajay Chandak
06 July 2022 at 03:49

Loan taken for Purchase of Shares

assessee has taken Loan from Bank for Purchase of Shares (held as Investment)
Interest paid on such Loan can be deducted from Taxable Dividend and Capital Gain
OR NOT.

What if assessee has taken loan from relative thru Cheque and invested same in Shares.

Plz reply


Paritosh Zaveri
27 June 2022 at 17:36

Loss on sale of a house property

Dear Sir,
My brother had purchased a 3 BHK flat in Gurgaon in 2014 which he recently sold out but during this process, he suffered a loss. My question is: Can a loss on sale of a house property be set off against Capital gains ( Long term / short term) of mutual funds / shares transactions?

Regards.

Paritosh Zaveri


Rakesh Seth
25 June 2022 at 16:20

Boka of accounts and Audit

My turnover of intraday and delivery based traders is Rs.40 lacs approx.Do i need to maintain books and get the same audited before filing ITR or i can be exempted from the same.Further,please advise if i can file ITR on presumptive basis and if so,then which ITR i have to file.


TULASISATYARAM
17 June 2022 at 12:41

Turnover calculation of F&O

I would like know how to calculate turnover for trading made in Futures and Trading made in Options. what is the limit for tax audit?


Ajay Chandak
15 June 2022 at 16:10

Capital loss on dislisted shares

Shares like Videocon Ltd is delisted.. and shareholder will not get any consideration..

Now my question is can I book loss as LT Capital loss n adjust same with realised LT capital gain.
If not where I will adjust this loss

Plz guide
Thanks in advance


Sandeep Dhawan

Please guide how to address the issue. My father is a senior citizen of 89 years doing constant follow up for its share transfer with IEPF , But the mails are unanswered. As per dept. a senior citizen help line number is given but the same is deactivated. ( 011-23441727). Mail is send to concern email id also . No confirmation (seniorcitizen.iepfa@mca.gov.in). My father is very dishearten and facing mental stress. Please guide so that i can take it up to help him out to get his issue address. Its impacting on his health also.