I bought 200 shares of ABC Company at a rate of Rs 80 per share in 20-May-2018 (invested amount being Rs 16000/-). In Apr-2020 this company was merged with another company and new merged company XYZ Ltd. converted the 200 share to 50 shares on 21Apr2020. I sold the 50 shares on 15Feb21 at the rate of Rs 350 per share for sale value of Rs 17500/-.
Q1. Will this be case of STCG or LTCG ?
Q2. How will the Cost of Acqusition be calculated for STCG or LTCG calculation? Will the cost of acquisition be Rs 16000 for 50 shares of XYZ Ltd?

Dear Sir,

Company 'A' a pvt ltd company which acquired another pvt ltd company "B' . Acquisition by way of acquiring shares of company 'B' on face value.

What are various compliance under companies act for such arrangement?

Hi

Can anybody guide whether Transfer pricing study report is compulsory for signing statutory audit report?

New auditor is asking for TP study report done by tax auditor. if not given new auditor said he wont sign financials.

Is this claim tenable?

Sir/Mam,

we have purchased from party nearly 1 Crore they deducted TCS in PI , we have made part payment in july and now we are paying balance amount and they are ready issue final Tax invoice , Now we deduct tds or not 0.1% 194Q if we deduct TDS before TCS amount or after tcs amount Value

Plz clarify my doubt

Goods are supplied to an organisation which is involved in Export. They have procured goods from our co at 0.1%...
How to report this sale in GSTR1? What kind of document should we ask from the merchant exporter for future purpose?

Hello,

My father passed away this month and he has considerable income including Cap gains for FY 2020-2021.

Can I just log on to his account online and pay taxes and file taxes instead of registering as legal representative and filing as representaative assesee?

Thanks

Sir,
Difference between AIS(annual information summary) vs TIS in income tax portal.

Respected Sir,
How the section 54-F is applicable & as in which case. One of my client is holding already a residential premises and a shop in his name. He has sold the shop and by the earning of sale of shop he has purchased an additional residential premises. Finally he is now holding two residential premises at a time. I would like to know whether sale of shop will attract capital gain tax @ 20% + 4% Cess. Please guide me and oblige.

Invalid hash value error is shown in ITR 5 while uploading from excel, also ITR 5 option not available in json utility format after selecting partnership firm. Please suggest

I have applied Physical shares transfer from the IEPF authority. While I was verified the status of the shares transfer from the IEPF it shows as PEVR.My question is PEVR stands.Please inform the PEVR stand and meaning of it.