Dear All,

What is GST rate on making of agriculture equipment like plow, rake, weeding hoe, scythe on raw material supplied by another person. We are doing just job work on material supplied by its owner.

Thanks & Regards
Nirmal Dave

Hi All

What should be the SAC for Secondment of a Director.
Thank you.

I have filed My ITR-4 under 44AD Presumptive Income since many years. I have self employed Individual. My turnover of Business is around only Rupess Six Lakh per annum approx. I have started trading in Stock Market from (FY 2022-23) Sep. 2022 to till date. I have also SHORT TERM CAPITAL GAIN of Rs. 94000/- (Approx) from sale & purchase of Listed Equity Shares in AY 2023-24 (FY 2022-23). Can I still filed ITR-4, If Yes, where I have to Show Short Term Capital Gain. Can I show above short term capital Gain in ITR-4 in Income from Other Sources / or Any other Income Head, plz suggest.
Or
Any other FORM of Income Tax, such As ITR-3, I have to filed? Is it necessary to file ITR-3 for Me or ANY OTHER ITR FORM, WHICH IS SUITABLE FOR ME. Please Give Your Expert Opinion

1. On 1st April, bill raised for Rs.3,00,000 to Rupa Jewellery for Consultancy Fees
How to enter it in tally

What accounting entries are to be made when the goods are sold but significant risk and rewards are not transferred to the buyer(in transit)?

One of client is a restaurant- it is charging for food - GST is 5%. It is also charging service charges = what is the GST on this service charges?
please reply

How to pass journal entry in the books of partners A/c
On 31st March Firm Make entry
Partners Capital Account Dr.
To Advance tax
in Partners Book can i pass journal entry on 31st March 2023.
Advance tax A/c Dr
to Partnership Firm A/c

Member of ICAI who is not holding COP but is a paid assistant in CA firm can simultaneously take employment in industry(IT company)

A cooperative credit society is filing GSTR 9 of FY 18-19
There is amnesty scheme if filed before 31.08.23 and late fee is Rs.20,000/-
While filing GSTR 9 the portal is not asking for upfront payment of Rs.20,000/-

How can we find whether the society can take benefit of Amnesty scheme and pay late fees Rs.20,000/- ?

A US-based company, referred to as Company X, is in the process of being acquired by Company Y. This acquisition is structured as a 50-50 deal, with a combination of cash and stock. Specifically, for each share of Company X, shareholders will receive a combination of cash and Company Y's stock. The cash portion is equal to 50% of the current value of Company X's stock, and the number of Company Y's shares received is determined by dividing 50% of the current value of Company X's stock by the current value of Company Y's stock.

Now, when it comes to the cash portion received by shareholders of Company X, this is being treated as a dividend. The US government imposes a 30% tax on this dividend amount. My concern is whether it's possible to recover or reclaim this deducted tax money. It appears incorrect to me to pay a 30% tax on what is essentially not a traditional dividend. Adjusting it with stock P&L will not yield any benefits.

Is there a way to potentially recover or mitigate this 30% tax without affecting your profits?