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Opinion Short Summary: This case involves disallowance of itemized business expense deductions claimed by Mark Ryan Pedersen for the 2016 tax year. Pedersen resided in Oregon and worked as a project manager at JE Dunn Construction Co. He was assigned to oversee
An Opportunity Zone is a designation and investment program created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages. The purpose of this program is to put capital to work
Is it hot in here? A fiery debate dominated PT in June over the distinction (if any) between legislative and interpretative regulations. The issue is one that many practitioners may not spend a lot of time thinking about, but as Les points
Can U.S. companies sell profitably to the north? Sure, if statistics are any indication Canada is the 10th-largest eCommerce market in the world estimated at 35 billion USD last year. Sounds enticing. What about the sales tax obligations? Our neighbors to the
Image by Wokandapix from Pixabay The 2022 calendar aligned this year so that July 4th provided many of us with an extra-long holiday weekend. But the fireworks are over and, sadly, we’ll never be independent of taxes. So it’s back to work
44 total views Whether self-Invoice a mandatory document for availing ITC of reverse charge GST or payment challan is sufficient? Disallowance of ITC during GST audit and assessment is one of the most common feature. The question arises, whether self-Invoice a mandatory document for
102 total views Filing an Appeal before ITAT: An overview of the provision INCOME TAX APPELLATE TRIBUNAL e-Filing Portal – Frequently Asked Questions (FAQs) Q 1: What is e-Filing? Ans: The process of electronically filing appeals and applications under Income
132 total views Love and affection is not “Consideration” for the purpose of section 56(2)(x) Section 56(2)(x) is an interesting provision which provides for the taxation of amount if it exceeds certain specified limit. It is not taxable if it is received
774 total views BUSINESS COMPLIANCE CHART FOR THE MONTH OF JULY-2022 Compliance Date Nature of Compliances Law under which compliance is required Applicable Form 01-07-2022 TDS applicable on perquisites relating to business or profession u/s 194R & on transfer of Virtual Digital
538 total views Capital Gain Exemption if the investment is done in the name of Son Whether capital gain exemption is available if the investment is done in the name of Son or wife or daughter is one of the common questions asked