VMware Inc is a US based, NYSE listed listed multinational. It has issued a special dividend to its shareholders. The special dividend is to spin off VMWare from Dell Inc.

VMware currently estimates that, for federal tax purposes, 39.49% of the Special Dividend will be
treated as a taxable dividend, with the other 60.51% of the Special Dividend being first treated as a return on capital to stockholders to the extent of their basis in VMware common stock, and
thereafter as capital gain.

Detailed FAQs are available at https://ir.vmware.com/download/companies/vmware/Presentations/Dividend%20FAQs.pdf

Here is the doubt: A resident Indian taxpayer, holding VMware shares ESOPs, receives INR 100/- as special dividend as described above. Does all INR 100 needs to be treated as dividend income and taxed at slab rate? Or INR 39.49/- and INR 60.51/- are to be treated differently for taxation purpose? If so, exactly how the tax is supposed to be computed?

Dear Team, Home purchased in my name ( Husband ) , home loan taken , my wife also co-borrower , loan EMI paid from my wife bank account ,
can my wife avail tax benefit on this ??

Firm XYZ has a government contract in which gst was applicable at the rate of 12% and the contract is still in progress. Now as per the GST council Meeting 47 , the new rate applicable for government work contract is 18%

Then what about the old contract which was executed at the rate of 12% and margin was also not defined ? Whether the contract shall be revised @ 18 % ?
or
The new rate will be applicable for the new contract executed on or after 18 July 2022 and the old contract will be remain same ?

I am proprietor n will receive payment from foreign country in advance for purchasing spices from India n then sending spices in foreign country. What will be the tax consequences ,how should I do the transaction,should I change the constitution from proprietor to company, bcoz do you think changing constitution will help foreign party to rely on me more,plz reply

Thanks in advance

Is RCM applicable in case services of a lawyer are taken to draft a contract by an LLP firm.

LLP firm has registered under GST portal but Turnover has not exceeded 20 lakhs during the current FY as well earlier FY.

I have a new company formed in April 2022. I have received TAN. I don't have netbanking facilities yet that's why I am paying TDS offline. Bank is asking for assessee code for the first time payment of tds (TAN & PAN updation in bank). I don't have assessee code. Should i register on cbec for assessee code? Or any other option for paying TDS payment. Please give me suggestion

WHAT WILL BE JOURNAL ENTRY FOR DEPOSIT AS MARGIN MONEY FOR BANK GUARANTEE

Sir,
It assessee sales turnover rs:29 lacs profit below tax limit in f.y.21-22.(rs:2.5 lacs)
Question:
Assessess it returns filed compulsory.

I'm in the process of filing my ITR-2. I have entered my LTCG and STCG due to redemption/switch/STP from some mutual funds to & from Short Term Debt Funds. The gains are not substantial. But I'm getting a validation error asking me to give Qtly. breakup. (1) Why is Qtly break up required? (2) Can i show the gains just in the last Quarter?

I invested Rs 5706/- in SBI Equity Hybrid Fund - Reg-Gr on 09.07.2013 and made the switch out on 02.12.2021 (after 3068 days) with the redemption value of Rs. 20424/- thus fetching a long-term capital gain of Rs. 7399/-. Is this LTCG taxable? If yes at which rate?