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On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.” […]

This comes after the outgoing Russian Prime Minister Dmitry Medvedev announced the resignation of the government. The head of the Russian Federal Tax Service Mikhail Mishustin has accepted President Putin’s proposal to become the country’s new prime minister, a statement by the Kremlin press service said. The State Duma, the lower chamber of the Russian […]

Updated: 17 Apr 2019, 05:56 PM IST As the financial year ends, you need to collect proofs of income, investments, bank statements and expenses to file your income tax return. Getty Images ITR-1 can be filed only by resident individuals who have income of up to Rs 50 lakh. The income can be from either […]

1. The income Tax Act permits two methods of accounting, mercantile system of accounting and cash system of accounting. 2. Mercantile system of accounting requires recording all transactions when they accrue or when they become due. 3. Under cash system of accounting, transactions are only recorded when actually paid or received. 4. Mercantile system is […]

It is time to prepare for filing your (ITR) for financial year (FY) 2018-19. Even though the due date for filing of the returns is July 31, 2019, filing your return early helps finish this important compliance in time. Besides, if you have a refund due, you can get it back sooner. Your ITR forms […]

Nicholas Shaxson is the author of Treasure Islands, a book about tax havens, and The Finance Curse, a book about countries with oversized financial sectors. He also writes regularly for the Tax Justice Network. Our provocative headline, for those who know this terrain, may seem to be plainly wrong. It is contradicted immediately by the […]