CA Ajeet Mishra @caajeetmishra

📢 Mainboard IPO Subscription Update – Ongoing (Sep 30, 2025) Here’s the list of mainboard IPOs currently open for subscription: • Pace Digitek IPO  ▫ Price Band: ₹208 – ₹219  ▫ Lot Size: 68 shares  ▫ Issue Size: ₹819.15 Cr  ▫ Subscription: 0.55x • Fabtech…

📢 SME IPO Subscription Update – Ongoing (Sep 30, 2025) Here’s the list of SME IPOs currently open for subscription: • Manas Polymers & Energies IPO  ▫ Price Band: ₹76 – ₹81  ▫ Lot Size: 1,600 shares  ▫ Issue Size: ₹23.52 Cr  ▫ Subscription: 0.05x • DSM Fresh Foods…

📊 IPO Subscription Update – Closing Today / Ongoing (As of Sep 30, 2025) Here’s the latest subscription data for active IPOs: • Pace Digitek IPO – 0.55x  ▫ QIB: 0.23x | Retail: 0.62x | NII: 0.78x | Others: 1.09x • Fabtech Technologies IPO – 0.70x  ▫ QIB: 0.77x | Retail:…

🧵 IPOs Closing Today – 30 Sep, 2025 1/ 📢 Pace Digitek IPO Price: ₹208–₹219 | Lot Size: 68 | Issue Size: ₹819.15 Cr Times Subscribed: 0.55x Closes Today ✅ #IPO #StockMarket #PaceDigitek 2/ 📢 Manas Polymers & Energies IPO Price: ₹76–₹81 | Lot Size: 1600 | Issue Size:…

@IncomeTaxIndia 📘 Income-tax Act, 2025 – Section 19 (Part 4/4) Deductions – Leave Encashment & Notes • Leave Encashment (Sl. No. 13–14):  – Central/State Govt. employees → Entire amount exempt.  – Others → Minimum of:   (a) Actual leave encashment received   (b) Cash equivalent of earned…

@IncomeTaxIndia 📊 Determination of Annual Value (Sec. 21) ● Annual Value = Higher of:  ○ (a) Reasonable expected rent (year to year basis).  ○ (b) Actual rent received/receivable (if let). ● Vacancy Allowance  ○ If property let but vacant → Annual value = Actual rent received/receivable…

📊 FII–DII Activity | Sept 29, 2025 🔻 FIIs: Net sold ₹2,832 Cr 🔹 Bought ₹17,421 Cr | Sold ₹20,253 Cr 🔺 DIIs: Net bought ₹3,846 Cr 🔹 Bought ₹40,257 Cr | Sold ₹36,411 Cr 📈 YTD 2025: ▫️ FIIs pulled out ₹2.37 L Cr ▫️ DIIs pumped in ₹5.70 L Cr 🔎 Sensex: 80,365 (-62 pts)…

Due date extension alert: Extension of time for filing e-form DIR-3-KYC and web-form DIR 3-KYC-WEB without fee upto 15.10.2025

@IncomeTaxIndia 📌 Sec. 43 – Taxation of Foreign Exchange Fluctuation •• Subject to Sec. 42 (capitalisation rules). •• Any gain or loss from forex rate changes = taxable income or deductible loss. •• Computation as per ICDS (Sec. 276(2)). 👉 Applies to ALL forex transactions, incl.:…

@IncomeTaxIndia 📌 Sec. 42 – Capitalising Foreign Exchange Fluctuation •• Applies when liability in INR changes due to forex rate variation while: •• acquiring asset from abroad, or •• repaying foreign currency loan (incl. interest) for such asset •• Variation in liability = A = B – C…

@IncomeTaxIndia #️⃣ Sec. 41 – Written Down Value (WDV) of Depreciable Asset 1️⃣ Definition of WDV • (a) If acquired in current tax year → WDV = Actual Cost. • (b) If acquired before current tax year → WDV = Actual Cost – Depreciation actually allowed (under this Act or IT Act, 1961).…

@IncomeTaxIndia #️⃣ Sec. 40 – Special provision for computation of cost of acquisition of certain assets 1️⃣ Applicability • Applies for computing income under Profits & Gains of Business or Profession (PGBP). • Covers assets becoming property of: (a) Amalgamated company (via scheme of…

@IncomeTaxIndia 📘 Sec. 39 – Computation of Actual Cost 1. Base Rule – Actual cost = cost to assessee minus: • Cost met by others 👥 • GST input credit claimed ✅ • Excise/customs duty credit claimed ⚖️ • Subsidy / grant / reimbursement from Govt./others 💰 2. Cash Rule –…

@IncomeTaxIndia 💡 Sec. 38 – Certain sums deemed as Business Income (PGBP) 📌 Treated as business/profession income, even if not directly from operations: 1. Cessation/remission of trading liability → liability written off / benefit accrued 🔁 2. Sale/Discard/Destruction of Depreciable Asset…

@IncomeTaxIndia ✅ Sec. 37 – Deductions on Actual Payment Basis (PGBP) • Allowed only when actually paid, regardless of accounting method or year of accrual. • Covers: • Taxes, duties, cess, fees 💰 • Employer’s PF, superannuation, gratuity, welfare fund contributions • Leave encashment…

@IncomeTaxIndia 🚫 Sec. 36 – Expenses/Payments NOT Deductible (PGBP) • Applies irrespective of other provisions. • Excessive/unreasonable payments to specified persons disallowed (AO decides). • Specified persons = relatives/partners/directors/members + anyone with ≥20% “substantial…

@IncomeTaxIndia 🚫 Sec. 35 – Amounts NOT Deductible (PGBP) Irrespective of any other section, following expenses are disallowed: 🔹 (a) Taxes • Income-tax, surcharge, cess • Employer’s tax u/s Sch. III (Sl. 10) • Foreign taxes eligible for relief u/s 159/160 🔹 (b) TDS defaults (i)…

@IncomeTaxIndia 📌 Sec. 34 – General Conditions for Allowable Deductions (PGBP) ✅ Rule: • Any expenditure (not in Sec. 28–33, 44–49, 51–52, and not capital/personal in nature) • Must be wholly & exclusively for business/profession → allowed as deduction. ❌ Disallowed Expenses: •…

@IncomeTaxIndia 🏭 Sec. 33 – Depreciation (PGBP) ✅ Deduction allowed for depreciation on: • Tangible assets → buildings, machinery, plant, furniture • Intangible assets → know-how, patents, copyrights, trademarks, licences, franchises, business rights (🚫 goodwill excluded) • Must be…

@IncomeTaxIndia 💼 Sec. 32 – Other Deductions (PGBP) 🟢 Allowed deductions while computing Business/Professional Income: • Bonus/Commission to employees (if not profit/dividend sharing) • Interest on borrowed capital (excl. pre-use asset acquisition interest) • PFIs – contribution to…