I bought 1000 shares of ABC Ltd in 2021 on 2 occasions and weighted avg buy rate of the share is Rs 144. In Dec 22 there was a de-merger of ABC Ltd to form a new entity called XYZ Ltd. Shares of the XYZ Ltd was allotted in the ratio of 1:1 – 1000 shares allotted for XYZ Ltd in Dec22. In Feb23 listing of the XYZ happened and market rate of the XYZ Ltd on listing day was Rs 31/ shr and ABC Ltd was Rs 118/ share. What is the calculation now for the adjusted cost price/ buy rate of shares of ABC Ltd and XYZ Ltd for LTCG calculation purpose in case the shares are sold today?

I am currently in the process of incorporating a Private Limited Company and have reached the final page of the SPICe+ Part B form. At this stage, the form is requesting professional details such as the name, membership number, and certificate of practice (COP) number of a CA/CS/CMA authorized to make the necessary declarations.

As I am not a professional myself, I wanted to check if some one would be able to assist with this part of the process and provide the required professional declaration. If so, please let me know the procedure, timeline, and charges involved.

Best regards,
Abhishek Dhanraj
Whatsapp No.: +91 9007520819

As per new update in GSTR-1 for Table-12 (HSN) , Is HSN of B2B & B2C mandatory to add separately for all OR who have AATO above 5 crore ?

I have purchased a property on which I am liable to deduct TDS. The builder asked me to deduct TDS on the last payment. So while filling the TDS challan, I have selected the Lumpsum option showing sale consideration as the amount being paid . But in the lumpsum option, I also have to disclose the Value of property for stamp duty purposes, which the builder has not worked out till now. Although I am sure that the stamp duty value is going to be less than the sale consideration ( as per the builder ) so the TDS will be calculated on the Sale consideration only. In such a case can I fill the stamp duty value of the property the same as sale consideration? Is there a possibility that if i fill the sale consideration amount as the stamp duty value also in the TDS challan, the authorities will compel me to pay stamp duty on the same amount

I have a doubt that if we convert physical shares into demat form then whether the cost incurred for demat of shares can be capitalised in the proportion of shares or not?

Or it is to be shown as expenses and will be disallowed as per income tax act?

HELLO, Sale through Flipkart in month of March 2025 but inadvertenly, it was not recorded in R1 of March 2025 and nor TDS/TCS return filed. Can we Add this sale in R 1 of May 2025. What will be consequences for not filing TDS/TCS return. Financial year changed, how to reconcile in Annual Return. Learned experts valuable opinions are sought in this query. Thanks an early response is highly appreciated.

Hi
I am a registered dealer pf used medical equipment.i am planning to purchase a mri machine from an unregistered dealer(he is doctor ).do i have to pay gst under rcm.pls ans and reason from gst law.

"The GST System uses ledger based approach to validate if sum total of IGST/CESS paid under Table 3.1(b) of GSTR 3Bacross all periods is equal to, or greater than, the sum total of IGST/CESS from invoices under Tables 6A/9A/6B of GSTR1 across all periods. The eligible invoices, having complete SB/Port details, are transmitted by the GST System only if such cumulative validation of IGST/CESS is successful. The GST System does not transmit an eligible invoice to ICEGATE until the aforesaid validation is successful, i.e. the sum paid as IGST/CESS paid under Table 3.1(b) is greater than or equal to IGST/CESS from invoices under Tables6A/9A/6B. The ledger shows the difference between these two which should be ZERO or positive) for invoices to be
transmitted to ICEGATE. The present IGST difference is Rs.-32140.8 and the CESS difference is Rs.0.0. You may use table 3.1(b) of subsequent GSTR-3B to fulfil this difference and the GST System shall transmit invoices upon successful validation.''
This mail comes from GST everytime after filing of GSTR-1 & GSTR-3B.
Please provide solution.

We have received invoice on 31.03.2022 but goods were delivered in April-22.ITC for the invoice has been claimed during March-22 itself. The ITC for the Invoice has been disallowed by the revenue in GST Audit and SCN issued for the same. Is there any case law or way to defend the same in favour of the assessee.?

Dear Sir,
I have trading in only stock market, So,Can I modify ITR file for stock trading in share market as business income instead of STCG for AY 2025-26 alternate to different assessment year?