CarTrade Tech Limited IPO Message Board (Page 23)

Yes...

Thanks a lot Rajakumar Sir for your reply,

Great. Thanks. This is what I am looking for as GURU advice.

Thanks sir,
For giving confidence... Dont sell.. Hold

aptus 50 % profit means sell at 30 rs + on opening ? as per current gmp if sustained and balance

addition to Rajakumar Sir''s post.

On 8th April 2021 below private placement was done in cartrade at a price 1,376.80.

Malabar India Fund 580,485
Malabar Select Fund 105,543
Malabar Value Fund 94,988
Malabar Midcap Fund 10,554

IIFL Special 544,740

In addition to this Malabar select fund purchased 137511 shares from the IPO anchor investment route.

👍👍👍

Very informative information Dear Rajkumar ji and DBJ ji.

Thank you

the bank will do manual debit, not to worry about your allotment.

you don''t need to do anything, they will debit the amount today or tomorrow or in 2-3 days also.
you got your shares and you will be free to sell on listing day.

In GR infra they haven''t deducted money yet and in Krishna diagnostic they haven''t released money yet.
Don''t knock what''s going on

@EntropianTrader these are side effects of manipulation of allotments,
Same with me also GR infra money is not debited, the amount was also unblocked after the UPI expiry date and I sold shares also.

Same here in GR infra.
Did you see any problem in that, we might face in future?
I am relatively new in stock market so got some fear related to that though fault is totally their as I was/am willing to pay. I wrote an email regarding this to registrar as well as upstox also but didn''t get any satisfactory solution.

https://www.moneycontrol.com/news/business/ipo/sebi-streamlines-ipo-process-6654831.html.

Keep following with bank, register, untill your fund unblock........ Don''t take it lightly.

You can also raise an complaint in score app (sebi). Their resolution time is 30 days.

Kisiki kaam chori aur bhare koi...

EntropianTrader, it is not allottee (we) who is doing this purposefully. must be a system glitch or other reason we don''t know.
I am not the first, this has happened with few people,
also, the unblocked amount is still in the same account kept as it is, I am ok whenever they want to they can debit, or if in the future the bank approaches me I will willingly help to transfer this amount. it''s their money, I already got benefits from my allotment & don''t have any selfish interest in this amount.

Same here. I am also willing to pay whenever bank or register approaches me. But someone told me that bank will approach after their annual closing and then they will also charge the interest along with the principal amount.

Hey guys I still can''t see shares on my Zerodha account..... How long will it take??

You may file ITR 2 or ITR 3

No need for audit. You may file yourself. Need to pay tax on applicable rates as per your slab. You may deduct TDS already paid from computed tax.

ITR 2

No auditing needed.
If your intraday gain has future and options trading then you MUST file ITR 3 not 2

ITR 2

You must file ITR 3
SALARY - SALARY HEAD
SHORT TERM GAIN - CAPITAL GAIN HEAD
INTRADAY GAIN - SPECULATION BUSINESS HEAD
DIVIDEND - OTHER SOURCE HEAD

Audit is necessary if the profit from F&O is less than 6 % of the turnover. Wherein the turnover is the sum of all losses and all profits in case of Futures and Options buying plus the premium collected by way of options writing.

All other short term income can be added to the total income and the tax can be paid in accordance with the applicable slab.

ITR : if intraday trading is minimum you can file itr 2 .
dividend is tax at slab level 30 % for you as income around 50 L . Tds deducted 7.5 % only.
. hope you have paid advance tax for dividend income also considering 30 % tax payable.
Take professional help for filing as LTCG etc you need to file scrip wise details which is cumbersome for individual

@ipobaby audit is necessary in case of profession or business if some person don''t want to maintain books of accounts and declaring less than 6 percent of profits, he isn''t carrying either of those two. Hence, audit will not be needed

@ColdBurger
Hello. I am new to stock market but have knowledge of taxation as an CA. As far you are concerned for taxation than there is no need for tax audit on account of details provided by you. ITR3 is applicable for you as you have intraday gains which are charged in PGBP head of income. But you have to wait to file your ITR as department hasn''t released ITR3 yet. And for dividend, it is charged as per your slab of income tax rate i.e. 5%,10%,20% or 30% subject to additional cess @4%. TDS would have been deducted from your div income @7.5% in case it exceeds rs 5000 in each company, otherwise it had not been deducted. One more thing you should note that from current year you have to give quarterly breakup of dividend as well for calculation of interest on income tax it is bit tricky.If your income is near 50L than it is advisable to compute your tax liability once and deposit tax, if needed as if not deposited it would attract interst u/s 234 if Income Tax Act.