LLP Manual – Bare Act Paperback – 2017 by Taxmann (Author) An Authentic Compendium of Act/Rules/Circulars & Notifications on Law relating to LLPs Price Rs 691 Click to buy Online Paperback: 652 pages Publisher: Taxmann Publications Pvt. Ltd.; 6th Edition 2017 edition (2017) Contents of this Book DIVISION ONE LIMITED LIABILITY PARTNERSHIP ACT, 2008… Read More »
IN THE ITAT MUMBAI BENCH ‘B’ Mehul V. Vyas v. Income-tax Officer, 23(2)(3), Mumbai* D. KARUNAKARA RAO, ACCOUNTANT MEMBER AND RAVISH SOOD, JUDICIAL MEMBER IT APPEAL NO. 727 (MUM.) OF 2013 [ASSESSMENT YEAR 2006-07] APRIL 7, 2017 Narayan Atal for the Appellant. Ms. Pooja Swaroop for the Respondent. ORDER Ravish Sood, Judicial Member –… Read More »
Notice 2017-30 provides 180-day emergency relief for fuel removals from Milwaukee terminals due to the shutdown of the West Shore Pipeline. Once the 180-day emergency relief expires, the notice provides a temporary mechanism for refunds of the § 4081(a)(1) tax imposed upon removals of undyed diesel fuel from a Milwaukee terminal when such fuel is transported… Read More »
Revenue Ruling 2017-09 provides guidance regarding the federal tax treatment of certain transactions referred to as ‘north-south’ transactions. The guidance describes two north-south transactions: one involving steps that are respected as separate and another involving steps that are integrated. Revenue Ruling 2017-09 will be in IRB 2017-21, dated May 22, 2017.
Small Business Week Reminder: Startups Can Choose New Option for Claiming Research Credit WASHINGTON –Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. During National Small Business Week—April 30 to May… Read More »
Hobby or Business? IRS Offers Tips to Decide Millions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing — no matter what a person’s passion, the Internal Revenue Service offers some tips on hobbies. Taxpayers must report on their tax return the… Read More »