MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 28th March, 2017/Chaitra 7, 1939 (Saka) The following Act of Parliament received the assent of the President on the 27th March, 2017, and is hereby published for general information:— THE MATERNITY BENEFIT (AMENDMENT) ACT, 2017 NO. 6 OF 2017 [27th March, 2017.] A n Act… Read More »
Held The Learned Assessing Officer is to await the decision of the CBDT in respect of the petition filed by the VTU in respect of the retrospection grant of registration under Section 12AA of the Act. In the event the application filed by the VTU is not considered favourably by the CBDT then in respect… Read More »
Notice 2017-17 requests comments on a proposed revenue procedure that, if finalized, will provide procedures on how a taxpayer may request automatic consent to change a method of accounting for recognizing income when the change is made for the same taxable year as the taxpayer adopts the new financial accounting revenue recognition standards. These standards… Read More »
A dangerous email scam currently is circulating nationwide and targeting employers, including tax exempt entities, universities and schools, government and private-sector businesses. The scammer poses as an internal executive requesting employee Forms W-2 and Social Security Number information from company payroll or human resources departments. They may even send an initial “Hi, are you in… Read More »
Free File Tops 50 Million Users; Saves Taxpayers $1.5 Billion Since Inception WASHINGTON – The Internal Revenue Service announced today that Free File – the pioneering public-private partnership that makes free tax software available to 70 percent of taxpayers – recently surpassed 50 million users since the program started. Since 2003, the 50 million taxpayers… Read More »
Common errors on Form 1042-S; IRS webcasts on the responsibilities of Tribal casinos IRS Clarifies Form 1042-S Requirements and Outlines Common Errors Changes made to the Form 1042-S and its instructions may help withholding agents more accurately report income and withholding information on payments made to non-resident aliens. This article also includes common errors made… Read More »
Ten Tax-Time IRS Tips to Consider The tax filing deadline is Tuesday, April 18 this year. This is because April 15falls on a weekend and the following Monday is a holiday in the District of Columbia. Even with an extra three days, the IRS urges taxpayers to avoid waiting until the last minute to file… Read More »
GST Bills 2017- Analysis Govt of India has introduced following Bills in Lok Sabha on 27.03.2017 . Read Detailed Analysis of this GST Bills 2017 CGST Bill 2017 Introduced in Lok Sabha UTGST Bill 2017 Introduced in Lok Sabha IGST Bill 2017 Introduced in Lok Sabha GST Compensation Bill 2017 Introduced in Lok Sabha GST… Read More »
The last date for submission of a valid return for AY 2015-16 expires on 31st March 2017 u/s 139. Those taxpayers whose returns for AY 2015-16 have been declared invalid u/s 139(9) by CPC are requested to file their return u/s 139(4)/139(5) before 31 March 2017