What CARES Act Means For Graduates and College Students

COVID-19 has changed our lives drastically. Who would have thought to pass almost half an academic year taking virtual classes, right?  What does this sudden outbreak mean to the college students and graduates? All universities are taking online classes, with students keeping up with the fact that this is what their college life is going to be [...]

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Year-round Canadian tax planning tips

Now that the deadline for filing personal 2009 income tax returns is passed, the last thing most Canadians are probably thinking about is their 2010 taxes. Unfortunately, they [...]

About Limited Liability Company (LLC)

As an entrepreneur the biggest challenge you are faced with is to select the proper entity structure for your business. While many countries allow the typical structures of [...]

Finance Minister dedicates the centralized processing center (CPC) of the Income Tax Department, Bengaluru to the Nation

The introduction of electronic filing of I-T returns, e-payment of taxes, establishment of the national network (TAXNET), and consolidation of the Regional Computer Centers [...]

The IRS Picks On the Little Guy

Tax audits of big companies have declined as the Internal Revenue Service shifts its attention to smaller businesses. Marie Leone - CFO.com | US The Internal Revenue Service [...]

Tax Error? Can't Blame the Software

The “Tim Geithner Defense” is rejected by the tax court.  By Peter Blank, Editor, The Kiplinger Tax LetterMay 6, 2010 Software programs may make doing your taxes easier, [...]

Press Release regarding e-filing facility for AY 2010-11

PRESS RELEASE: New Delhi dated 17th May 2010 Pending completion of certification procedure, the e-filing facility for AY 2010-11 has been temporarily suspended. This will not [...]

e-filing of I-T returns suspended

May 18, 2010 The Finance Ministry has suspended the facility of e-filing of income tax returns, as security certification for the Income Tax Department’s website is not [...]

What Is Reasonable Compensation for S Corporation Shareholder-Employees?

The issue of what reasonable compensation for shareholder-employees of S corporations should be has been around for some time. Every time the IRS accepts a Form 2553, [...]

TDS 40 pc of total direct tax proceeds

TDS has become an important component of the Centre’s revenue mop-up efforts. In 2009-10, the total TDS collections stood at Rs 1.53 lakh crore, accounting for close to 40 [...]

TDS tutorial

The Income-Tax Department hopes to become much more efficient this year to meet the service expectations of the taxpayers and citizens, Mr Durgesh Shankar, CBDT Member [...]