Tags » Taxpayer

IRS Changes Position, Will Not Accept Tax Returns Which Are Silent On Healthcare Coverage

(Source: www.forbes.com)

In a reversal, the Internal Revenue Service (IRS) has indicated that it will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act (ACA). 736 more words

Money Matters

GST Tip - 361

As per Notification No. 41/2017 – Central Tax dated 13th Oct 2017, the person registered taxpayer in GST under Composition Levy has to file GSTR – 4 for the period from 1st July 2017 to September 2017 has to file the return by 15th November 2017.

CMA Bhogavalli Mallikarjuna Gupta

Penalty u/s 271(1)(c) is not Leviable when a Bonafide Claim of the Assessee gets Rejected: ITAT

Penalty u/s 271(1)(c) is not Leviable when a Bonafide Claim of the Assessee gets Rejected: ITAT

The Mumbai bench of the ITAT, in M/s. Buildbyte.com v. 427 more words

TAXATION

S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata

S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata

A division bench of the Kolkata Income Tax Appellate Tribunal (ITAT), last week held that cash transactions between husband and wife would not attract section 269SS of the Income Tax Act, 1961. 375 more words

TAXATION

Actress Katrina Kaif wins a Tax Case from ITAT [Read Order]

Actress Katrina Kaif wins a Tax Case from ITAT

Mumbai bench of the Income Tax Appellate Tribunal, on Wednesday deleted income tax additions made against famous Bollywood actress Katrina Kaif under section 153 of the Income Tax Act. 229 more words

TAXATION

GST Tip - 357

The concerned officer has to issue a notice in FORM GST DRC-13 to the third person as per clause (c) of sub-section (1) of section 79  for recovery of tax amounts of the defaulted taxpayer from whom the amount is due or payable by the third person.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 353

The concerned officer has to issue a notice in FORM GST DRC-10 for the auction of the goods for default in the payment of taxes by the taxpayer indicating the reasons for auction and the details of the goods.

CMA Bhogavalli Mallikarjuna Gupta