Tax Refund Schedule 2019 The IRS used to actually publish a chart each year with the refund schedule, depending on the date that your return was accepted. Due to newer auditing procedures, they no longer do this. However, we can make a pretty good estimate based on past years’ performance. Still, take this information with… Read More »
No Generation of Eway Bill if GST returns not filed Taxpayers who have not filed the returns for two consecutive tax periods shall be restricted from generating e-way bills. This provision shall be made effective once GSTN/NIC make available the required functionality. As per 31st GST Council Meeting Decisions on 22.12.2018 … Read More »
Announces Large Corporate Compliance Program WASHINGTON — The Internal Revenue Service on 15th May 2019 announced a key advancement in how it identifies its biggest and most complex large corporations. On May 15, the IRS’s Large Business and International Division (LB&I) began a new application of data analytics for determining the population of its largest… Read More »
2019 IRS Nationwide Tax Forums The IRS reminds tax professionals to sign up for this summer’s 2019 IRS Nationwide Tax Forums. Tax professionals attending can earn up to 19 continuing education credits. The forums are three-day events featuring presentations by tax experts from the IRS and association partners. Topics on important tax issues currently facing… Read More »
GST on Banking : Free study Material Compliances of GST in Banking Sector : April 2019 Edition Book by ICAI
Compliances of GST in Banking Sector Banking Sector plays a key role in Indian Economy. For safe and sound banking sector, one of the most crucial factors is reliable financial information supported by quality bank audits. By conducting audits of financial statements of banks, the auditors play a key role in building a resilient banking… Read More »
ICAI releases E Version of Compendium of Ind AS effective 1.4.2019 We are pleased to share that the Accounting Standards Board (the Board/ ASB) of Institute of Chartered Accountants of Indian (ICAI) has released e-version of Compendium of Indian Accounting Standards (Ind AS). As you are aware the Ind AS recommended by the ICAI, are… Read More »
Making a tax payment to IRS The IRS uses the latest encryption technology to ensure your electronic payments are safe and secure. You can make electronic payments online, by phone, and from a mobile device using the IRS2Go app. Paying electronically is quick, easy, and faster than mailing in a check or money order. Go… Read More »
FAQ on The Banning of Unregulated Deposit Schemes Ordinance 2019 India, has in the recent times witnessed a glut of financial frauds in forms of ponzi schemes, chit fund scams etc. In order to deter the illegal operators from running such deposit schemes luring deposits, and to regulate them, the government brought in the ‘Banning… Read More »
Tax tips for taxpayers to consider when selling their home The IRS has some good news for taxpayers who are selling their home. When filing their taxes, they may qualify to exclude all or part of any gain from the sale from their income. Here are some things that homeowners should think about when selling a… Read More »