IRS Video on Tax Transcript
How To Use Get Transcript Online Learn about the Get Transcript Online tool and its enhancements that protect you from fraud. Get started at https://www.irs.gov/transcript.
Monthly Archives: September 2016
Extension Filers ? IRS Reminder-Adjusted Gross Income Amount required
IRS Has a Reminder for Extension Filers: Prior-Year Adjusted Gross Income Amount May Be Needed to File Electronically IR-2016-124, Sept. 22, 2016 WASHINGTON — The Internal Revenue Service has an important reminder for taxpayers who filed for an extension and face an Oct. 17 filing deadline: the adjusted gross income (AGI) amount from your 2014 return… Read More »
Earned Income Tax Credit under USA Taxes
Earned Income Tax Credit If you earn a low to moderate income, the Earned Income Tax Credit (EITC) can help you by reducing the amount of tax you owe. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file.… Read More »
Bare act Prevention of Money Laundering Act with Rules 2016- Book
Prevention of Money Laundering Act with Rules BUY Prevention of Money Laundering Act with Rules Incorporating *Prevention of Money Laundering Act *13 rules/regulations framed under Prevetion Money Laundering Act Paperback: 192 pages Publisher: Taxmann; 2015 Edition edition (2016) Language: English ISBN-10: 9350718057 ISBN-13: 978-9350718056
Confiscated property restoration norms notified by Govt under Prevention of Money laundering
Prevention of Money laundering (Restoration of Confiscated Property) Rules, 2016. BUY MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 26th September, 2016 G.S.R. 913 (E).— In exercise of the powers conferred by sub-section (1) and clause (x) of subsection (2) of section 73, read with sub-section (8) of section 8 of the Prevention… Read More »
List of 12 offences under GST which can put you in Jail ?
List of 12 offences under GST which can put you in Jail ? As per the FAQs on GST by CBEC (Penalties, Prosecution and Compounding) prosecution can be taken against taxable person if he commits any of the 21 offences listed under Section 73 of Model GST Law Q 16. Which are the offences which warrant… Read More »
Why not to delay GST Registration ?
Why not to delay GST Registration ? Timely GST Registration will give you ITC on Stock held preceding the date from which Taxable person becomes liable to pay tax As per the following FAQs on GST (ITC) released by CBEC Q 5. What is the ITC entitlement of a person who has applied for registration under the… Read More »
GST -How delayed entry of Tax Invoice in Books could cost you ?
Delayed entry of Tax Invoice in Books under GST CBEC clarified the question vide FAQ’s on GST (Chapter Input Tax credit) Q 16. When shall a taxable person be not entitled to take input tax credit under sub-section (2), (2A) or sub-section (3) of Section 16 in respect of any supply of goods and / or… Read More »
GST Input Tax Credit on Car of Director not Available
Input Tax Credit on Car of Director not Available under GST ? As per the FAQ’s on GST released by CBEC, Question No 23 of Input Tax Credit provides the following calrification Q 23. A Taxable person is in the business of information technology. He buys a motor vehicle for use of his Executive Directors.… Read More »
GST – Arrest Guidelines for Officials
GST – Arrest Guidelines for Officials As per FAQs on GST released by CBEC , Question No 23 and 24 on -Inspection, Search, Seizure and Arrest gives the following guidlines for Arrest under GST Q 23. What are the precautions to be taken during arrest? Ans. The provisions of the Code of Criminal Procedure, 1973 (2… Read More »