income tax

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Latest blogosphere posts tagged “income tax”

• Canada’s Deficit Widens in September on Falling Tax Revenue - Bloomberg

  
  USTaxAid Services — Authority: 154
  Canadas Deficit Widens in September on Falling Tax Revenue Bloomberg Corporate tax revenue tumbled 59 percent to C$848 million in September and personal income tax dropped 16 percent to C$8 billion, the finance department … and more »
  4 hours ago

• Injunction halts KCK tax preparer - Kansas City Star

  
  USTaxAid Services — Authority: 154
  Injunction halts KCK tax preparer Kansas City Star In addition, the IRS found that at least 26 of the 81 returns reflected false, inflated to unsubstantiated amounts of state income and personal property … Federal Court Shuts Down Kansas City Tax Preparer PR Newswire (press release) all 8 news ...
  4 hours ago

• Ilyce Glink: Home buyer tax credits always upset some who don’t make cutoff - San Antonio Express

  
  USTaxAid Services — Authority: 154
  Ilyce Glink: Home buyer tax credits always upset some who dont make cutoff San Antonio Express Q: I have heard about the new tax credit for first-time buyers and was wondering if I would be eligible under the new law that was just passed. … 27 Business Tax Credits From The IRS SayEducate (blog) Cover ...
  4 hours ago

• Breaking down the bills’ projected costs - Los Angeles Times

  
  USTaxAid Services — Authority: 154
  Washington Times Breaking down the bills projected costs Los Angeles Times The Internal Revenue Service could simply deduct the penalty from your income tax refund, but if thats insufficient, you would then owe the government … Senate Poised to Take Up Health Care Bill Next Week FOXNews all 32 ...
  4 hours ago

• DTC likely be tabled in Parliament only in Budget Session

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 451
  With the mammoth task of garnering support on contentious issues like exempt exempt tax (EET) regime for savings and minimum alternative tax (MAT) still to be done, the Direct Tax Codes Bill, which will replace the archaic Income Tax Act, 1961, is... [[ This is a content summary only. Visit my website www.taxguru.in ...
  9 hours ago

• Interest on funds borrowed for acquiring controlling stake in a company not allowable

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 451
  Interest paid on funds borrowed for acquiring controlling stake in a company will not be exempt from tax. The Income Tax Appellate Tribunal (ITAT) has ruled that such expenditure for investing in shares of a company cannot be exempted, since it has... [[ This is a content summary only. Visit my website www.taxguru.in ...
  10 hours ago

• The Financial Guy: Rollovers – What Are They?

  
  phxsoul.com — Authority: 135
  Editors Note: PhxSoul.com is introducing columns from The Financial Guy to help educate African Americans about finances. In order for us to make the right financial decisions collectively, its extremely important for us to heed advice from experts in the field. Here is the first installment ... In general, a ...
  14 hours ago

• Tax deduction on HRA

  
  Prajna Capital - An Investment Guide — Authority: 129
  Some conditions to avail a tax deduction on HRA Employees usually get a house rent allowance ( HRA ) from employers. HRA is given to meet the cost of rented premises taken by the employee for his stay. A person can claim exemption on his HRA under the Income Tax Act, if he stays in a rented house and is in ...
  19 hours ago

• Madhu Koda’s aide seeks anticipatory bail

  
  Thaindian News — Authority: 725
  New Delhi, Nov 27 (IANS) Vinod Sinha, a close aide of former Jharkhand chief minister Madhu Koda, who is at the centre of a Rs.2,500 crore money-laundering scam, Friday approached the Delhi High Court seeking anticipatory bail.Sinha’s counsel R. Karanjawala also pleaded with the court that it would be unfair to ...
  20 hours ago

• Maines Tax Evader Police Patrols

  
  As Maine Goes — Authority: 146
  The Legislature had an agent work with municipalities to identify scofflaws. Read More... read more
  23 hours ago

• Tax debate continues in shadow of relief measures - Minot Daily News

  
  USTaxAid Services — Authority: 154
  Tax debate continues in shadow of relief measures Minot Daily News Pinkerton also wasnt satisfied with the Legislatures 12 percent, across-the-board reduction in income tax , which created $100 million in relief. … and more »
  1 day ago

• Build America Bond Issuers Pay $100 Million Extra in Bank Fees - Bloomberg

  
  USTaxAid Services — Authority: 154
  Build America Bond Issuers Pay $100 Million Extra in Bank Fees Bloomberg Both fee rates exceed this years $4.91 corporate average. Local government officials accepted higher fees from banks marketing the new product, … and more »
  1 day ago

• Home Buyer tax credit incentives are extended and improved - Community Advocate

  
  USTaxAid Services — Authority: 154
  Home Buyer tax credit incentives are extended and improved Community Advocate President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8000 for some first-time home buyers, … Massachusetts Association of Buyer Agents Relieved PRLog.Org (press release) all 6 ...
  1 day ago

• Canada Tories try to put tax firestorm behind them - Reuters

  
  USTaxAid Services — Authority: 154
  Canada Tories try to put tax firestorm behind them Reuters Ontario and British Columbia have decided to implement the harmonized tax , but they need the federal legislative change. Crucially, the government said the … and more »
  1 day ago

• Mumbai ITAT rules deductibility of PE expenses under India- Mauritius Tax Treaty

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 451
  This article summarizes a recent ruling of the Mumbai Income Tax Appellate Tribunal (ITAT) in the case of JCIT v State Bank of Mauritius Ltd. (Taxpayer) [2009-TIOL-712- ITAT-MUM]. The ITAT held that the Taxpayer, a company incorporated in Mauritius,... [[ This is a content summary only. Visit my website ...
  1 day ago

• Cashless hospitalisation schemes offered by insurance companies comes under the income-tax net

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 451
  Cashless hospitalisation schemes offered by health insurers and insurance companies are under the income-tax net.The CBDT has now made it clear that Third Party Administrators (TPAs) must deduct tax at source on payments made to hospitals for... [[ This is a content summary only. Visit my website www.taxguru.in for ...
  1 day ago

• Salary of Rs 14 lakhs in 1997 to employee of charitable Trust held to be unreasonable

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 451
  Her salary has been further increased disproportionately vis-a-vis the increase in the revenue and the surplus. This increase is over and above the increase for assessment year 1998-99, in which her salary was found to be excessive under the... [[ This is a content summary only. Visit my website www.taxguru.in for ...
  1 day ago

• IT department to recover 1000 crore from infrastructure development companies

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 451
  The Income-Tax (I-T) department will recover close to Rs 1,000 crore from infrastructure development companies after a recent tax tribunal order clarified that the exemption available for infrastructure development cannot be extended to contractors... [[ This is a content summary only. Visit my website www.taxguru.in ...
  1 day ago

• Golombeks top ten year-end tax-planning tips

  
  The Wealthy Boomer — Authority: 566
  While taxes for the year 2009 arent due to the end of April 2010, onlyone full month remains to take certain actions that will minimize thosetax liabilities. CIBCs tax and estate planning guru Jamie Golombek hasissued a report summarizing his top ten year-end tax planning tips. "Itsimportant to review your overall ...
  1 day ago

• Tax Rate For Eligible Dividends Decreasing in 2010

  
  Canadian Tax Resource — Authority: 464
  D ividends are paid to shareholders from a corporation’s after-tax income. The dividend gross-up and tax credit system is designed to recognize the amount of tax the corporation has already paid by offering shareholder’s a tax credit. An enhanced tax credit on eligible dividends from large Canadian publically ...
  1 day ago

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