Month: July 2009

Simple Guide – Incomes which are tax-free under the Indian Income Tax Act, 1961

Jul 29, 2009 Income Tax 1. Agricultural income: Any income which you receive as income from any agricultural activity is deemed as not included in total [...]

Proposed Regs Would Expand Definition of Allowable Tax Professional Contigent Fees (NPRM REG-113289-08)

The IRS has issued proposed regulations relating to contingent fees that may be charged by tax practitioners. The proposed regulations are identical to interim [...]

Insider trading norms not applicable to ESOPs

Jul 28, 2009 SEBI Market regulator SEBI has clarified on the interpretation of certain amendments in the insider trading norms, in response to a few queries [...]

Information on how to open your ITR V/ ITR ACK

Jul 23, 2009 Income Tax By now, many of you would have filed several tax returns of your clients or your own companies or even your own returns. It has been [...]

Implications of not filing an Indian Tax Return

One of the most important duties of an individual is to file the Income Taxes. In India the due date for filing tax return is July 31 every year, while March [...]

IRS Ups Audits as Deficit Hits $1 Trillion

Posted July 16, 2009 DES MOINES, Iowa (AP) — With the federal deficit topping a record $1 trillion and rapidly on its way to nearly doubling by this fall, [...]

Special Provisions Applicable to Non-resident Indians

With a view to attract investment by Non-resident Indians (NRIs) and Indian Nationals living abroad, certain reliefs, exemp­tions and incentives have been [...]

As IRS Beefs Up Enforcement, H&R Block Steps In to Assist Taxpayers With Tax Audit Support Services

KANSAS CITY, MO (MARKETWIRE via COMTEX) -- The number of audits is likely to continue rising as the IRS beefs up enforcement, nearly doubling its tax law [...]

Income Tax Refund…..When can i get it in my account??

Income Tax Refund- Know the Status and generally asked questionsJul 5, 2009 Income Tax Introduction:- The refund banker has been implemented from January 24, [...]