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.

I have Opened Recurring deposit for 1 year duration during June'21 and the recurring deposit matured during June'22. I have received interest of recurring deposit during June'22(at the time of maturity). Whether the interest income of particular recurring deposit is taxable during FY21-22 or FY22-23 ?

Mr.A providing professional services to company X and he consider it as income from PGBP from past years. Mr.A received arrears of Rs.58875 for the month of January , february & March - 2021 in the month of JULY - 2021 . Whether arrears received in respect of professional services is taxable under the head salary or PGBP ? If taxable under salary, whether MR.A has to file Form 10E for the assessment year 2022-23. ?

Respected Sir

One of my client holding various scripts since long but in last year he transferred few of his shares holding in HUF into his personal name being karta

I don`t have exact valuation being cost of investments in shares is mentioned in his books & since old broker through whom he purchased the shares has closed his business, i am unable to trace out bills

How to derive the exact value of the shares

Please help

Regards

Tribhuvan

Hello, I am 53 and have taken VRS from a private company as HR Manager. Back of my mind I had the desire of doing CS all along my career. But that never materialised. I still have the burning desire to pursue the profession. Assuming that I will be completing it in another 5 or 6 years, can anyone guide me as to what are the opportunities available ?

Hi ,

I had not given any deduction declaration to company for F.Y. 21-22. Company issued form 16 with opting new tax regime. But i have a refund with a valid deductions benefits in old tax regime . Now can i file my return with old tax regime.

We want to start numbering from 101/22-23 for fy 2022-2023 . In fy 2021-2022 we have started from 1/21-22.Will there be any issues from gst side? Can we start numbering from 101 as per gst law?

While doing the Internal Audit (Luxury Car) of a car service centre, how should I perform the correct audit procedure?
While doing the vouching of sales, purchase, cash , what do I need to know before proceeding with the vouching. What question do I need to ask?
What are the other things I need to know or check while performing the audit?

Internal Audit of luxury cars which are directly imported from another country.

Sir I want to know why interest on borrowings is classified as non operating expense as, rent on office or factory is classified as operating expense interest payment is also incurred to finance operating costs like rent etc