Revenue Ruling 2017-08 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382,… Read More »
Check Out Tax Benefits for Higher Education Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns. If taxpayers, their spouses or their dependents took post-high school coursework last year, they may be eligible for a tax credit or deduction. Here are some facts from the IRS about tax… Read More »
GST Cess In November last year, the Council had decided a four-tier rate structure for GST of 5%, 12%, 16% and 28%. A cess over and above the highest rate will be levied on demerit or ‘sin’ goods like tobacco, pan masala and luxury cars. Maximum rate of GST Cess: That cess will be capped… Read More »
GST Council Gives Nod To State GST and UTGST Laws Also Read : GST Council Meeting Dates and Updates GST Implementation Timeline Once the bills are passed, another key meeting to present the slabs for various goods and services before the Council will take place, Jaitley said. July 1 continues to be the tentative date… Read More »
INDIRECT TAX MANAGEMENT & PRACTICE (For CMA Final) Paperback – 2017 by Mohd Rafi Price Rs 1042. Click to buy online Contents of Book -Indirect Tax Management Practice Book for CMA Final DIVISION I SERVICE TAX LESSON 1 Basic Concepts LESSON 2 Point of Taxation, Valuation and Place of Provision of Services LESSON 3 Negative List,… Read More »
Credibility of Electronic Voting Machines- regarding. Press Note The Election Commission has observed that after declaration of result of the recently held General Elections to the State Legislative Assemblies of Goa, Manipur, Punjab, Uttar Pradesh and Uttarakhand, some political parties have raised voice against the credibility of the ECI-EVMs, alleging tampering of EVMs during the… Read More »