Two employees (non relative)holding shares in a listed company since last 25 years in physical form recently dematerialised the shares. Now they want to transfer these shares in equal proportion to their respective individual Demat accounts.
What are the implications for such off market transactions? Is it considered gift to each other or transfer from joint account to own account is out of the purview of Gift. It is understood that as and when they sale the shares the same will be taxable if there is a capital gain, if any.
What precautions to be taken and what reason is to be mentioned for transfer in dematerialisation instructions slip?

Please guide.

While filling ONLINE Form No 146 (Old form 15CB) while filling PARTICULARS OF REMITTEE(RECIPIENT) value for state is mandatory. Form does not get saved in case value is not filled. At the same time, we cannot put any value against state field
For above reason Form is not completed and filed for processing
My question is how to solve this ?

A small pvt ltd company incorporated in 24-25,the director has brought funds to meet the expenses and it stood as unsecured loan,noe including financial year 25-26 it ended upto 9 lakh now the director want to increase the capital by converting loan to sharecapital.pls guide no loan agreement was entered,so whether valuation mandatory?

Sir
Party issued cheque which was bounced due to 'insufficient fund'.
Does the person (drawee) intimate drawer by letter about the Bounce and if no reply then formal legal Notice to initiate legal proceeding u/s 138 be possible?
Then what is the time frame.
Regards
Abhijit

Sir,
Any it individual business persons (sec 44ad)and professional tax payers(sec 44ada) itr returns filed persons f.y.25-26 new income tax act 2025 advantages and disadvantages it purpose

1.
Whether a proprietorship concern having turnover in the range of ₹1 crore to ₹2 crore, and subject to tax audit under Section 44AB, would be included within the overall ceiling of 60 tax audit assignments that may be undertaken/signed by a Chartered Accountant, as prescribed by the Institute of Chartered Accountants of India (ICAI).
2.
In the case of a proprietorship concern with turnover of ₹1.5 crore, where the entire receipts are in cash, whether the assessee can opt for presumptive taxation under Section 44AD by declaring income at 8% (i.e., ₹12 lakh), and consequently claim that no tax liability arises on the basis that income up to ₹12 lakh is not taxable for the relevant financial year.
3.
In the case of a proprietorship concern having turnover of ₹1.9 crore, whether it is permissible to declare income at 6% (i.e., ₹11.40 lakh) under Section 44AD, and similarly contend that no tax liability would arise on the assumption that income up to ₹12 lakh is exempt from tax.

HI
I would like clarification regarding TDS on rent payments for Financial Year 2026–27:

Under which section is TDS applicable on rent paid to a resident landlord and what is TDS rate?
Under which section is TDS applicable on rent paid to an NRI landlord?
What are the applicable TDS rates and compliance requirements in both cases?

A senior whose total income Rs.1000000 . His tax liability under income tax act after rebate for the financial year 2026-27 is NIL. Is he eligbile to file Form 121

If the tax demand has already been paid through DRC-03, do I need to pay 10% pre-deposit on interest and penalty for filing a GST appeal?

Hi,

I have a minor daughter and I want to open a PPF account for her. I am also investing 1.5L in my own PPF. As I understand, the annual limit of my and my daughter's PPF will be 1.5L.
1. The lock in of 15 years is calculated from the day of opening of minor PPF or from the date she turns major.
2. If I deposit say 10,000 per year in the minor's PPF above the 1.5L in my own PPF, then will the account be deactivated or only savings interest will be given on that.

Thanks