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

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

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?

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. ?