Latest news with #Demat
NDTV
6 hours ago
- Business
- NDTV
Filing Income Tax Return? One Wrong Move Could Cost You Rs 1.5 Lakh
As the income tax filing season approaches, financial experts are warning taxpayers to exercise caution while submitting their returns. Even minor errors in filing can result in hefty penalties, delayed refunds, and notices from the Income Tax Department. One of the most common mistakes taxpayers make is selecting the wrong Income Tax Return (ITR) form. Each form is meant for specific income categories. For instance, ITR-1 (Sahaj) is suitable for salaried individuals earning up to Rs 50 lakh, while ITR-2 is for those with capital gains, multiple properties, or foreign assets. Business owners must opt for ITR-3, and those under presumptive taxation should file ITR-4 (Sugam). Filing with an incorrect form may be treated as a 'Defective Return' and must be rectified within 15 days to avoid invalidation. Failure to verify Form 26AS and the Annual Information Statement (AIS) before filing may result in refund delays or excess tax payments. Salaried individuals should ensure they have Form 16, along with documents related to home loans, capital gains, and dividend income. E-verification is another crucial step. Returns must be verified within 30 days via Aadhaar OTP, net banking, or Demat account. Alternatively, a signed ITR-V must be sent to the CPC office in Bengaluru. Without verification, the filing is considered incomplete. Late filing attracts a penalty of Rs 5,000 for incomes above Rs 5 lakh and Rs 1,000 for incomes below that. Inaccurate information may lead to a 50% penalty on tax dues and up to 200% for wilful misreporting. Businesses failing to maintain books or submit audit reports on time can face fines up to Rs 1.5 lakh. Taxpayers are advised to file early, double-check their details, and choose the correct regime to avoid unnecessary legal and financial trouble.
Mint
6 days ago
- Business
- Mint
AJC Jewel IPO allotment to be out soon: Here are steps to check status online and GMP as focus shifts to listing
AJC Jewel IPO: The issue that saw the subscription period end on 26 June 2025 is expected to see allotment finalized soon. On Friday, June 27, 2025, the allotment for the AJC Jewel IPO is expected to be finalized. The proposed listing date for the AJC Jewel IPO is set for Tuesday, July 1, 2025, on the BSE SME. AJC Jewel IPO's book-running lead manager is Smart Horizon Capital Advisors Private Limited, and the issue's registrar is Bigshare Services Pvt Ltd. Rikhav Securities Limited is the market maker for the AJC Jewel initial public offering. Since Bigshare Services Pvt. Ltd. is the registrar to the IPO that will see listing on the BSE SME, hence investors can check allotment status on the BSE website or the registrar's website, Bigshare Services Pvt. Ltd. Here are steps to check status online as focus shifts to listing Step 1: Go to the website of Registrar Bigshare Services Pvt Ltd to check the AJC Jewel IPO allotment status by clicking the link: Step 2: Select any one of the servers Step 3: Select AJC Jewel Manufacturers Limited from the 'Select IPO' dropdown menu. (Note: the company name will only appear once the allotment status is out.) Step 4: Select from the selection type any of the following: application number or CAF number, Demat number, application number, beneficiary ID or PAN number Step 5: Enter the details from the option selected Step 6: Click on the search button Step 1: Head to the BSE website: Step 2: Select Issue type and click on Equity Step 3: Under the select issue name, select "ACJ JEWEL Manufacturers Ltd" from the dropdown Step 4: Thereafter, enter your details, such as application number and PAN information. Step 5: Press 'Submit' after clicking the CAPTCHA AJC Jewel IPO GMP (grey market premium) stands at ₹ 4. This means that the AJC Jewel shares are commanding ₹ 4 over the issue price of ₹ 95 in the grey market, according to data from The same also indicates that the listing of AJC Jewel shares is anticipated to be at a ₹ 4 premium over the upper range of the offer price of ₹ 95 per share, also indicating that market players are anticipating listing gains of 4.2%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
6 days ago
- Business
- Mint
Abram Food IPO share allotment: Latest GMP, how to check status online
Abram Food IPO allotment: The allotment status for Abram Food Limited's SME IPO is expected to be finalised on Friday, June 27, following a strong subscription across investor categories. Those who participated in the IPO can check their allotment status on the official portal of the registrar, Kfin Technologies. As per the IPO schedule, equity shares will be credited to the Demat accounts of successful applicants on Monday, June 30. Refunds for unsuccessful applications are expected to be processed on the same day. The shares are set to debut on the BSE SME platform on Tuesday, July 1, 2025. Investors can check the allotment status by visiting Kfin Technologies' website and selecting 'Abram Food IPO' from the drop-down menu. Allotment status can be searched using the PAN number, Demat account number, or application number. After entering the relevant details and verifying the captcha code, users can click 'Submit' to view their allotment result. The IPO, valued at ₹ 13.99 crore, was open for bidding from June 24 to June 26. Priced at ₹ 98 per share, the offering consisted entirely of a fresh issue of 14.28 lakh equity shares, with no offer-for-sale component. Investors had to apply for a minimum of 1200 shares per lot, amounting to a minimum investment of ₹ 1.17 lakh for retail applicants. The IPO drew significant interest, being subscribed 28.49 times overall. Against the offer of 13.56 lakh shares, the issue received bids for 3.86 crore shares. The retail investor portion was subscribed 16.05 times, while the non-institutional investor (NII) category saw an impressive 40.92 times subscription, reflecting strong demand across the board. The company plans to deploy the net proceeds towards various business needs. A significant portion will go towards acquiring new machinery to boost manufacturing capabilities. Funds will also be used to meet working capital requirements, address general corporate purposes, and cover expenses related to the public issue. Corporate Makers Capital Ltd. acted as the book-running lead manager for the IPO. Kfin Technologies Limited served as the registrar, while Giriraj Stock Broking Private Limited was appointed as the market maker. Founded in 2009, Abram Food Limited is engaged in the production and distribution of a broad product range, including Chana Dal, Chakki Atta, Besan, multi-grain atta, Maida, Sooji, various spices, cattle feed (khali), and edible oils. The company markets its offerings under the brand name "Kherliwala" and has a strong presence in Rajasthan, Delhi/NCR, and Uttar Pradesh through a network of distributors. The company primarily supplies its products in bulk packaging of 30 to 50 kilograms to distributors, who then retail the products in loose form. Abram Food is known for its emphasis on quality, ensuring that its goods are processed without artificial preservatives or chemicals—from sourcing raw materials to final packaging. In the unofficial market, the Abram Food IPO was trading at a grey market premium (GMP) of ₹ 8 per share on Friday. This implies a potential listing price of ₹ 106, representing an 8.16 percent premium over the issue price of ₹ 98. Disclaimer: The above information is based on market trends and input from brokerage firms and does not constitute investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions.
Mint
6 days ago
- Business
- Mint
Kalpataru IPO share allotment: Latest GMP, how to check status online
Kalpataru IPO allotment: The allotment of Kalpataru's initial public offering (IPO) is likely to be finalised today, Friday, June 27. Investors can check their allotment status online through BSE, NSE, or the official portal of the registrar, MUFG Intime India Pvt Ltd (formerly Link Intime India Pvt Ltd. The ₹ 1,590 crore IPO was open for bidding between June 24 and June 26. The price band for the issue was set in the range of ₹ 387-414 per share. The company planned to credit the equity shares to the Demat accounts of investors who received allotment on Monday, June 30. Refunds for applications that were rejected were also scheduled to be processed on the same day. The Kalpataru IPO was set to be listed on the NSE and BSE on Tuesday, July 1, 2025. Step 1: Go to the IPO registrar website of MUFG Intime India Pvt Ltd. Step 2: From the selection menu, choose Kalpataru IPO. Step 3: To discover the status, pick a mode – click on PAN, Demat account, or application number. Step 4: Enter the required information, such as your application number, PAN, or Demat Account number. Step 5: Enter the 'captcha' to verify that you are not a robot. Step 6: Click 'submit' to view allotment status. Investors may also verify the allotment status of the Kalpataru IPO on the BSE and NSE website by entering their PAN and application number. The Kalpataru IPO is entirely fresh issue of 3.84 crore shares with no offer for sale component. The minimum lot size for an application was 36 shares, and the minimum investment required by retail investors was ₹ 14,904. The IPO received a satisfactory response, garnering 2.31 times subscription during the three-day bidding window. Investors placed bids for 4.93 crore shares against the 2.13 crore shares on offer. The retail investor segment achieved a subscription rate of 1.43 times, while the non-institutional investor (NII) category was subscribed 1.40 times. The highest demand came from Qualified Institutional Buyers (QIBs), with their portion being subscribed 3.12 times. The IPO secured ₹ 708.35 crore from anchor investors, with the anchor bidding conducted on June 23, 2025. Kalpataru Ltd planned to utilise the net proceeds from its IPO primarily for the repayment or pre-payment of select borrowings taken by the company and its subsidiaries, either in full or in part. A portion of the funds was also earmarked for general corporate purposes. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) served as the book-running lead managers for Kalpataru IPO, while MUFG Intime India Private Limited (Link Intime) was the registrar for the issue. Kalpataru Limited, established in 1988 and headquartered in Mumbai, Maharashtra, is a prominent real estate development firm engaged in building residential and commercial properties, retail complexes, and integrated townships. The company has expanded its footprint across major Indian cities such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. The company functions under the broader Kalpataru Group, which includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their respective subsidiaries. By March 31, 2024, Kalpataru was engaged in 40 ongoing projects and had completed 70 developments successfully. The IPO's grey market premium (GMP) today is ₹ 3 per share. This indicates an expected listing price of ₹ 417, a premium of just 0.72 percent from issue price.
Time of India
25-06-2025
- Time of India
1 held for duping youth of 11L
Kolkata: Howrah resident Saurish Naskar (27) was arrested on Tuesday for duping a New Town resident, Uttam Kumar Singh, of Rs 11 lakh. Naskar had contacted Singh on social media and convinced him to invest through a Demat account, promising high returns. Tired of too many ads? go ad free now Singh was added to two WhatsApp groups—VIP 71 Genius Innovation Capital Group and DS Genius Innovation Capital —and tricked into transferring Rs 11 lakh. On realising, he had lost the money, Singh filed a complaint on National Cyber Crime Reporting Portal on March 7 and a FIR at Bidhannagar Cyber PS on April 22. tnn
