A simpliciter payment towards hiring charges of cranes cannot be brought within the sweep of the definition of the term “work” as envisaged in Sec. 194C of the IT Act. IN THE ITAT AMRITSAR BENCH Bhangal Construction Co. v. Income-tax Officer, Ward-1, Phagwara N.K. SAINI, VICE-PRESIDENT AND RAVISH SOOD, JUDICIAL MEMBER IT APPEAL NO. 587 (ASR.) OF… Read More »
The assessing officer has disallowed the commission paid to foreign agents by holding that the income arising on account of commission paid to overseas agents was deemed to accrue or arise in India and was accordingly taxable under the provision of section 5(2)(b) r.w.s. 9(1)(i) of the act and the assessee has failed to make… Read More »
IRS Disaster Related Forms and Publications The following forms, schedules, and publications are available to assist you with disaster tax issues. They are accessible electronically at irs.gov, click on Forms and Instructions. Form 1040 and Instructions: U.S. Individual Income Tax ReturnCheck for specific tax year at https://www.irs.gov/formspubs/index.html Form 1040X and Instructions: Amended U.S. Individual… Read More »
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Online colleges for nursing in USA Nursing remains a demanding profession, and one that continues to grow as the population ages and experienced nurses retire. The Bureau of Labor Statistics (BLS) projects employment of registered nurses (RNs) will rise about 15%between 2016 and 2026. Despite a 3.6% increase in enrollment in 2016, nurses and nursing students… Read More »
General 1. From where can I compare liability declared in Form GSTR-3B and Form GSTR-1 with ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A? Navigate to Services > Returns > Returns Dashboard > Select Financial Year & Return Filing Period > Comparison of liability declared and ITC claimed tile. In the “Comparison of liability declared and ITC claimed” tile, click the VIEW button.… Read More »
Reconstructing Your Records Reconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. After a disaster, home owners might need certain records to prove their loss. The more accurately the loss is estimated, the more loan and grant money there may be available. The following information includes steps… Read More »
A federally declared disaster is a disaster that took place in an area declared by the President to be eligible for federal assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. A list of areas warranting public or individual assistance (or both) is available at the Federal Emergency Management Agency (FEMA) web… Read More »
Taking care of business: recordkeeping for small businesses May 7, 2019 Small business owners should keep good records. This applies to all businesses, whether they have a couple dozen employees or just a few. Whether they install software or make soft-serve. Whether they cut hair or cut lawns. Keeping good records is an important part… Read More »
Guidance for Those Affected by Disasters Affected Taxpayer and Records Necessary to Meet a Deadline (updated 9/29/17) Amended Returns (updated 4/13/09) Calculating a Casualty Loss Under the National Disaster Relief Act of 2008 (updated 4/13/09) Casualty Loss (Valuations and Section 165 (i)) (updated 4/13/09) Change of Address (updated 4/13/09) Copies of Tax Returns (updated 4/13/09) Filing of Extensions (updated 7/2/09) Information on… Read More »