"A dynamic and accomplished Chartered Accountant with a strong focus on statutory audits for listed and private companies. He brings expertise in tax audits for partnership firms, proprietorships, and LLPs, as well as handling income tax assessments and appellate proceedings up to the ITAT level. With a keen interest in Income Tax Consultancy, Yash is proactive to complex financial and regulatory challenges."
The issue was whether gains qualify as long-term when shares are bought unlisted and sold post-listing. It was held that the holding period starts from purchase and LTCG under section 112A applies if STT is paid on sale.
Erroneous application of Section 87A rebate has led to tax demand notices for eligible taxpayers, while others receive undue benefits. Urgent rectification needed.
