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?

Can we claim ITC ON MOBILE PHONE PURCHASES?

Hi

SODA manufacturing : Which GST HSN code and Tax Rate is applicable? is it applicable cess?

Nature of work is SODA WATER" water is poured into the bottle and only gas is added to it and the bottle is sealed and sold.

Sugar and flavor is not added.

Please clarify above doubt.

Greetings !

I have some doubts in my filing process.

1. I had short term capital loss from stock market. In order to carry forward my losses for next
year, Is it enough to just enter it in schedule capital gains section or Do I need to mention it
somewhere else ?
2. I had long term capital gains of less than 1 lakh.
As there is exemption upto Rs. 1 lakh, Do I need to show my gains or leave it ?
3. I have holdings in US stocks. I have purchased them in 2021 and foreign remittance of that
amount was shown in my AIS statement. I didn't sell anything, so there were no capital
gains/loss. I was just holding those stocks.
Do I need to show them as foreign assets in my filing ? If Yes, suggest how to do it.
4. I had received minimal amount around Rs. 100 as dividend from US stock holdings. Do I need to show them as
income from foreign assets or leave it ?
5. I have holdings in Indian unlisted equity shares. No capital loss/gain, only holding. Do I need to disclose them and
how ?

Kindly clarify my doubts.

Thanks in advance.