Easy Office
LCI Learning


Krishna

Can assessee file appeal against rectified order u/s 154 ?? Or appeal can file only against 143(1) intimation & not rectified order us 154 ??


ATUL
11 July 2022 at 18:33

INCOME TAX ITR-U AY 2021-22

I HAD ......LAPSED LAST YEAR IT RTN..,......FY 2020-21 AY-2021-22

CAN I ....FILE NOW

ITR-U............... WITH TAX

EML.......... LOOK4U@REDIFFMAIL.COM


Tax Solution

Hi,

I have question regarding Income Tax certificate to receive donation by political party.
Is 80G or 80GGB or 80GGC Certificate or any other type of certificate from income tax department required to receive donation by political party ?

So that donner can avail deduction in income tax act.

Please suggest.


Kanishka

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?


Babu

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 ??


suresh s. tejwani

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 ?


Nilesh Tambe
11 July 2022 at 13:49

Payment from foreign country

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


Piyush

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.


vikas ghodke
11 July 2022 at 12:47

TDS Challan Payment offline

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


sayad
11 July 2022 at 12:38

BANK GAURANTEE AGAIST DEPOSIT

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







Answer Query