SEBI - Being in the festival of Income tax where we celebrate the filing of Income tax returns. The most common and the most complicated query being asked from a CA is related to taxation of Stock market Transactions. Before learning about the taxation part, you will have to find out whether you are an investor or […]...
Read MoreSEBI - How To Identify Fraud Risk Factors In Mid Cap Private Limited Companies: A blog that identifies fraud risk factors in mid cap companies and what can be done to avoid them. Introduction Fraud is defined as a deliberate deception or breach of trust for personal gain. It is an intentional act that results in financial […]...
Read MoreSEBI - Financial trading companies are mainly brokerage firms who are offering clients the ability to trade on multiple markets including Forex, stocks, crypto, CFDs, and more....
Read MoreSEBI - Hindenburg Research has released the findings of a 2-year investigation, claiming that Indian conglomerate Adani Group has been engaging in manipulation of stock prices and accounting fraud amounting to INR 17.8 trillion (U.S. $218 billion) over the course of decades. Additionally, the investigation has revealed that several key listed Ad...
Read MoreSEBI - Introduction The Adani Group is one of India’s most powerful corporate entities, and is rapidly becoming one of the most influential in the world. Founded in 1988, the Group has grown into a global powerhouse. It is currently involved in the generation of power, trader and logistics, resources, minerals, and agribusiness sectors. Th...
Read MoreSEBI - All cash benefit distributions are being processed outside the depository system. Thus, no information is available in the demat account with respect to entitlement of cash benefits and payment of the same to the investors. In case any investor requires any information or has a complaint with respect to above benefits, they are required t...
Read MoreMrs. Neelu Analjit Singh Vs The Addl. Commissioner of Income tax (ITAT Delhi) - The issue under consideration is Unlisted shares sold after holding for 23 months considered as Long Term Capital Gains or Short Term Capital Gains?...
Read MoreKaran R. Bahl Vs ITO (ITAT Mumbai) - In the instant case, all the shares have been bought by the assessee in the regular course of his business, employing common funds, depositing them in the same D-Mat account, and even through the same broker and infrastructure. ...
Read MoreCommissioner of Income Tax-VII Vs Avinash Jain (Delhi High Court) - The intent and purport of the CBDT circular No.4/2007 dated 15.06.2007 is to demonstrate that a tax payer could have two portfolios, namely, an investment portfolio and a trading portfolio. In other words, the assessee could own shares for the purposes of investment and/or for the purposes of tradin...
Read MoreMr. Nehal V. Shah Vs ACIT (ITAT Mumbai) - The AO held the assessee to be a trader in shares & assessed the gains as business profits on the ground that (a) there was high frequency & sale transactions, (b) there were instances where delivery was not taken and shares were sold within a short period,...
Read MoreSmt. Sadhana Nabera Vs. ACIT (ITAT Mumbai) - The assessee, a director and shareholder in a company engaged in share trading, returned income of Rs. 78,89,499 earned by her on transfer of shares as a “short-term capital gain”. The AO took the view that as there were voluminous transactions, the assessee was engaged in share trading and the ...
Read MoreCircular No. SEBI/MIRSD/Cir.No.02/2010 - (18/01/2010) - The Securities Exchange Board of India (Sebi) has said that 'in-person' verification of clients is a mandatory requirement for opening account by a depository participant (DP). This will hold good for opening trading account by a stock broker and vice versa, if the stock broker and DP is the same en...
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