income tax
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Original Technorati articles tagged “income tax”
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in FinanceNo Money? No Problem - Increase Tax!

Illinois is considering a temporary, outrageous income tax hike of 75% to chip away at its deficit.by bloggindave / on Jan 11, 2011
Latest blogosphere posts tagged “income tax”
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Does income derived from sale of export incentive qualify for deduction under section 80-IB?
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
CIT v. Jaswand Sons (2010) 328 ITR 442 (P&H) - On this issue, the High Court held that income derived from sale of export incentive cannot be said to be income derived from the industrial undertaking and therefore, such income is not eligible for deduction under section 80-IB.2 hours ago -
Exemption u/s. 54 in respect of more than one residential flat acquired by the assessee under a joint development agreement with builder
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
CIT v. Smt. K. G. Rukminiamma - Can exemption under section 54 be claimed in respect of more than one residential flat acquired by the assessee under a joint development agreement with a builder, wherein the property owned by the assessee was developed by the builder who constructed eight residential flats in the said ...2 hours ago -
Finding The Best Local Tax Professionals
All Time Finance —
Authority: 140
Deciding where you can invest your income is a very fundamental process. This is not something that you really have to take lightly. Particularly with the direction the economy is heading these days, you need to truly guarantee your income is in the hands of a CPA. For this reason selecting a CPA is a thing you ought ...1 day ago -
Internal Revenue Service Offers Lower-Income Workers Two Tax Benefits
Clarksville, TN Online —
Authority: 510
Nashville, TN - The Internal Revenue Service today alerted Tennesseans about two significant tax benefits that are sometimes missed."The IRS offers options that can boost your tax refund and let you avoid paying a tax preparation fee," said IRS spokesman Dan Boone.First, those who worked some part of 2011 but made ...1 day ago -
Thanks for the £7 Clegg
PoliticalHook —
Authority: 114
Nick Clegg is wanting to speed up changes to the tax system. He has said that he wants to ”rewire and rebalance the tax system” to make it work for those who “play by the rules”. In a speech to the Resolution Foundation today, he is expected to say that gradually raising the threshold is [...]3 days ago -
Format of details to submitted during Income Tax Assessment
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
We have attached a file in excel format. The file contains the format of various details which normally assessing officer asks Assessee to furnish during Scrutiny Assessment U/s. 143(3) of the Income Tax Act, 1961. We have attached the format of following details :-3 days ago -
Download Income Tax Calculator for A.Y. 2011-12, 10-11, 09-10, 08-09, 07-08 for Male, Female, Senior Citizens
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
Download Income Tax Calculator for salaried For A.Y. 2011-12, 10-11, 09-10, 08-09, 07-08 for Male, Female, Senior Citizens. The calculator also calculate interest U/s. 234A, 234B and 234C, Automatically. Calculator for those having Income from Salaries.3 days ago -
Analysis of Income Tax Return data from affidavits of Candidates Contesting Punjab 2012 Assembly Elections
The India Post —
Authority: 134
Punjab : Sukbhir Singh Badal (SAD) has the highest annual income at Rs 4.58 crores. He is followed by Parkash Singh Badal (SAD) at 2.00 crores, Rana Gurjit Singh (INC) at 1.59 crores, Kewal Singh Dhillon (INC) at 1.53 crores and Deep Malhotra (SAD) at 1.10 crores as per their last filed income tax returns. [...]4 days ago -
Tax credits: keeping people in the lifestyle to which they are accustomed
The Guardian - guardian.co.uk —
Authority: 962
Chris, Fee and KJ on the coalitions claims over the welfare cap5 days ago -
The Caucus: Romney Tax Returns Show $45 Million Income
NYT > Theater —
Authority: 867
The details of the returns, released early Tuesday morning, show that Mitt Romney will likely pay $6.2 million in taxes on income over 2010 and 2011.5 days ago -
How to Avoid Reinventing the Wheel on Tax Reform
Economix —
Authority: 710
An overhaul of the tax code might be possible, because both political parties have reasons to support it -- but the debate would be improved if each side understood its own arguments, an economist writes.5 days ago -
Campaign Stops: Romney Can’t Rumble
NYT > Theater —
Authority: 867
Mitt Romney is prepared to debate with Newt Gingrich, but is he ready to fight him?5 days ago -
Why Reporters Need Sources by Larry M. Elkin, CPA, CFP®
Current Commentary From Palisades Hudson —
Authority: 106
Having recently taken The New York Times to task over its coverage of taxes , I really do not want to return to this topic. I am tired of complaining, and you are probably tired of reading my complaints. But The Times published a front-page exploration of Mitt Romney’s finances last week that was such a train ...5 days ago -
Tax Refunds Done By Professionals
Finance Marketing Business —
Authority: 131
Picking out where to invest your hard earned money is a really vital task. It is not a thing that you should certainly take lightly. Specifically with the way the industry is going currently, it\’s best to truly be certain that your money is in the hands of a professional. This is why choosing your CPA is one area ...6 days ago -
Retrospective amendment no basis to reopen beyond 4 years – HC Disapproves AO’s Practice to Delay Passing Objection Orders
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
Doshion Ltd. Vs. ITo (Ahmedabad HC) - Having thus heard learned counsel for the parties and having perused the documents on record, it clearly emerges that the assessment previously framed after scrutiny is sought to be reopened beyond the period of 4 years from the end of relevant assessment year. In the reasons ...6 days ago -
Bank wants TDs limit to increase to Rs. 50000/-, should be allowed to float infrastructure bonds
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
High-value term deposits in banks may not be subjected to tax deducted at source (TDS) if the finance ministry agrees to proposals made by banks on Thursday. In a pre-budget meeting with Finance Minister Pranab Mukherjee, bankers proposed that the limit on interest from deposits beyond which TDS is required to be ...6 days ago -
Punitive charges paid by the assessee to Railways for overloading of the wagons is compensatory in nature, therefore, the same cannot be disallowed
LEGAL & FINANCIAL UPDATES FROM TAX GURU —
Authority: 135
Taurian Iron & Steel Co. Pvt. Ltd. Vs. Ad. CIT (ITAT Mumbai) - . In the case of Haji Aziz And Abdul Shakoor Brothers (supra) it was held that fine paid to the Custom Authorities was in fact penalty u/s 167 (8C) of the Customs Act. It was held by the Hon’ble Apex Court that such penalties which are incurred by ...6 days ago -
Income Tax Cuts and Job Creation: No Correlation
As Maine Goes —
Authority: 121
The $150 million state income tax cut enacted last year was targeted toward job creation. Read More Join Start the AMG Discussion read more1 week ago -
CPAs and Tax Services
Financial Newsline —
Authority: 437
Choosing where to invest your income is a really very important process. This is not a thing for you to should take lightly. Mainly with the way the industry is proceeding nowadays, you need to genuinely be sure that your finances is in the hands of a CPA. That’s the reason why selecting a good CPA is one thing you ...1 week ago -
How to Get through the Tax Season with a Smile
6446 Rules —
Authority: 95
On January 17, 2012, the IRS began processing E-filed income tax returns. This year for anyone who waits to the last minute to file a tax return, your last minute will come on April 17, 2012 to file. If you need more time then you must file an extension. Everyone tax situation differs; therefore, you should do what ...1 week ago



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