Daily Archives: October 11, 2017

Rate of GST on sale of scraped buses : Writ Plea couldn’t be allowed : HC

By | October 11, 2017

  HIGH COURT OF KARNATAKA M.J.S. Enterprises v. Controller of Stores & Purchase DR. VINEET KOTHARI, J. WRIT PETITION NOS. 42013-42023 OF 2017 SEPTEMBER  13, 2017 M.N. Shankare Gowda, Adv. for the Petitioner. T.K. Vedamurthy, AGA for the Respondent. ORDER 1. The petitioners, who are the auction purchasers of the scrap or intending Bidders have approached this Court by… Read More »

USA IRS : Statistics of Income Data Releases

By | October 11, 2017

Statistics of Income Data Releases  1.  Individual Income Tax Percentile Tabulations, Tax Year 2015 Tabulations presenting Tax Year 2015 individual income tax percentile statistics are now available on SOI’s Tax Stats Web page. The tabulations present individual income tax return statistics on the number of returns, adjusted gross income, selected income items, credits, total income tax,… Read More »

USA IRS – Funding methods for retirement plans : RP-2017-56 & RP-2017-57

By | October 11, 2017

Funding methods for retirement plans Revenue Procedure 2017-56 updates Rev. Proc. 2000-40 to take into account the provisions of § 430 of the Internal Revenue Code, which was enacted as part of the Pension Protection Act of 2006.  This revenue procedure provides automatic approval for certain changes in funding method used for single-employer defined benefit plans… Read More »