Dear [Tax Consultant / Financial Advisor],

I seek your guidance regarding the correct cost of acquisition and tax implications for my investments in Tata Chemicals Limited (TCL) and Tata Consumer Products Limited (TCPL) in light of the 2020 demerger.

✅ Investment Background:
I purchased 250 shares of Tata Chemicals on November 1, 2011 at ₹374 per share, resulting in a total investment of ₹93,500.

Pursuant to the Scheme of Arrangement between Tata Chemicals and Tata Global Beverages (now Tata Consumer), I was allotted 285 shares of TCPL as of the record date March 31, 2020.

❓ My Questions:
What cost of acquisition per share should I consider for the 285 shares of Tata Consumer received under the demerger?

Tata Chemicals’ communication dated May 16, 2020, specifies a 0.66% cost allocation to TCPL and 99.34% to TCL.

Accordingly, the cost attributable to TCPL is ₹93,500 × 0.66% = ₹617.10, i.e., ₹2.17 per share.

What are the capital gains tax implications for the sale of both shares, which occurred in 2024?

I sold:

250 TCL shares at ₹1,055 each on 22-Jul-2024

285 TCPL shares at ₹1,194.40 each on 19-Jul-2024

Should the grandfathering provisions under Section 112A of the Income Tax Act be applied to Tata Chemicals shares using the fair market value of ₹722 as on 31-Jan-2018?

What is NIC code for Shares and stocks trading / investment training business.

1) If you sale bonus shares in year 2025, what COST will be considered for calculating capital gain income.

2). For any particular company, If we buy number of shares on multiple dates .
Cost for the purpose of capital gain income , to be taken based on average cost or FIFO method

Sir/Madam

I have some queries regarding share of liquidated company.

We have Shares of Industries and Mazada Ltd 100 no. Company is in liquidation. We want to sale these shares and encash the same. We have physical share certificates in the name of father, which was expired in 2004.

Please guide us, someone need urgent some fund.

Thanks in advance.

An individual is a major shareholder and director of a company with two divisions – a hospitality business and a share broking division, both officially registered. The individual also holds shares in various listed companies.

The question is: Can this individual sell shares of one of the listed companies (that he personally owns) to his own company, specifically through the share broking division?

I had a unlisted company holding from 28th June 2023, now the stock has got listed 2 months back, due to lockin i will be selling around April 2025 end, now regarding capital gain i am confused will it be stcg or ltcg, it is more than 1 year if taken actual aquisition date but less than 1 year if listing date taken, same less than 2 years if unlisted aquisition date taken.

I have 4158 shares of Tata Motors at an average price of Rs.940.31 per share purchased between April to June 2024. The stock is currently valued at Rs.722 per share. I am currently at a loss of more than Rs.9.06 Lakh. What am I supposed to do? Is there any hope for this Stock to recover? If Yes, expected duration for recovery?

1. Can a LLP registered with nature of business of 'Retail Grocery Store' engage in online commodity trading with the funds contributed by its silent partners ?
2. With the profits from online trading the LLP will provide free grocery items to the contributing partners, in proportion to their share of contributions. So can the costs of this procurement of grocery items be taken as expenses of the LLP, for income tax purposes & P&L?
3. Can we change the nature of business of the LLP completely to 'Trading in online Commodities' & trade with the silent partners funds and share the profits in proportion to their contributions? Does any law such as RBI, SEBI, INCOME TAX or any others, restrict this?
4. If the answer to the 3rd is 'YES, then under what NIC code, would 'Online Trading in Commodities' come under?
5. Would this change in activity, effect the Shops & Establishment license & the Trade license in any way? Would we have to rea-apply freshly or just an amendment would do, what is the process for this?
6. Any other mandatory requirements, which would be required to be fulfilled, if any?
Thanks in advance, to all, who may respond.

one business man having book stock (or stock in trade) the person will transfer book stock to another business man without gst invoice is possible

The account holder of demat account had nominated his wife as 100% nominee in his account on 20th February 2024. Six months later, on 24th August 2024 he changed this nomination online through e-sign and made his son as 100 % nominee. Unfortunately, the account holder died on next day, 25th August 2024. The change in nominee was processed and confirmation mail was received on 28th August 2024, three days after his death.
Who will be the nominee in this case to claim his shares in demat account?