JD Supra4d
New ACA-Related Laws Provide More Flexibility to Employers
On Monday, December 23, 2024, President Biden signed into law two bills, H.R. 3797 (the “Paperwork Reduction Act”) and H.R. 3801 (the “Employer Reporting Improvement Act”), which will positively ...
Tax Guru5d
25% Pre-Deposit was required for discrepancy In GSTR-3B and Form 26AS u/s 203AA of Income Tax
Conclusion: In a dispute of taxable supplier’s discrepancy in the Goods and Services Tax Returns (GSTR) – 3B and the form 26AS under Section 203AA of Income Tax Act, 1961, High Court had granted final ...
JD Supra3d
Welcomed Changes to Affordable Care Act Information Reporting for 2025
Two new laws signed on December 23, 2024, are set to make Affordable Care Act (“ACA”) reporting easier and less ...
Tax Guru3d
Gauhati HC Invalidates AGST Orders Issued Without Proper SCN
The court scrutinized the procedural compliance under Section 73 and Rule 142 of the AGST Rules, which mirror the provisions of the Central GST Act. It held that the issuance of a summary notice ...
GST Amnesty scheme waiver of interest and penalty: Step by step guide for eligible taxpayers to apply using GST SPL-02 form
GSTN in an new advisory said now GST SPL-02 form has been made available on the GST portal. GST SPL-02 form can be used to ...
Business Recorder1d
Unrecognised educational institutions: FTO to file report to president on tax affairs
ISLAMABAD: The Federal Tax Ombudsman (FTO) will file a comprehensive report to President of Pakistan on a reference forwarded ...
Tax Guru4d
Detention order passed beyond time limit prescribed u/s. 129(3) of CGST Act is invalid: Madras HC
Madras High Court held that passing of order of detention in Form GST MOV-09 beyond time limit stipulated under section 129 (3) of the Central Goods and Services Tax Act unjustified. Accordingly, ...
Tax Guru5d
Transfer of assets of proprietary concern to succeeding company exempt as covered within section 47(xiv)
ITAT Mumbai held that gain arising on transfer of assets and liabilities of proprietary concern to succeeding company is covered by provisions of section 47 (xiv) and accordingly cannot be considered ...
JD Supra4d
Global Equity and Employment Law Considerations for 2025
Many countries finalized new regulations and released new guidance in 2024 regarding global equity plans. Multinational companies should ...
Prorogation upends capital gains proposal but CRA yet to offer guidance
Justin Trudeau's decision to step down and prorogue parliament will keep his government from implementing its proposed ...
Tax Guru3d
No proper service and opportunity before CIT (A): ITAT remand matter to CIT (A)
ITAT held that assessee has not appeared before the CIT (A) and has not given any explanation as such for delay in filing the appeal before the CIT (A) and therefore it will be appropriate to remand ...
Joplin Globe4d
Angel Oak Financial Strategies Income Term Trust Declares January 2025 Distribution
Angel Oak Financial Strategies Income Term Trust (the “Fund”), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.109 per share for the ...