The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that any amount retained by a toll collector while undertaking toll-collection activity does not attract service tax since the said activity does not constitute a service rendered by a commission agent and thus it does not fall within the purview of […]
QuickBooks users are being attacked by an unknown threat actor phishing for sensitive personal information, the software’s maker has warned. According to a BleepingComputer report, a number of users reached out to Intuit, the maker of the tax software (opens in new tab), and alerted the company to a phishing email campaign that tries to […]
By Jwala K.P – On May 27, 2022 3:33 pm The Chennai bench of Customs, Excise & Service Tax Appellate Tribunal has held that service tax refund filed after the introduction of GST cannot be denied by invoking section 11B. During the audit of accounts of the assessee, M/s. Doowon Automotive Systems India Pvt. Ltd. […]
CPA Firms are always overburdened during the busy tax season due to a shortage of qualified tax resources.
WASHINGTON (RNS) — A campaign backed by a broad coalition of Christian leaders will urge Congress to extend the child tax credit to low-income families, hoping to broaden access to the popular financial assistance program after lawmakers allowed an expanded version to expire last year. Beginning with an advertisement in Politico Magazine that will run […]
The Global “Tax Practice Management Software Market” Report provides insights into the global industry including valuable facts and figures. This research study explores the global market in detail, such as industrial chain structures, raw material suppliers and manufacturing. The Tax Practice Management Software sales market examines the large segments of the market scale. This smart […]
SAN MATEO, Calif. (KGO) — The fiasco at California’s Employment Development Department (EDD) during the pandemic is rearing its head – two years later. You may recall the EDD was so overwhelmed it wound up paying billions of dollars to scammers using stolen IDs. Now, the EDD is trying to claw back that money — […]
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The Supreme Court has held that when the Overseas group companies providing skilled employees, on secondment basis, to its Indian counterparts amounts to supply of manpower services, the Indian company would be considered as service recipient. Therefore, the Indian company is liable to pay service tax on the salaries of the seconded employees reimbursed to […]
Officially, tax season is over, other than the ongoing process of extensions and entities other than individuals having different fiscal years. And chances are, no matter how well you did for your clients, most of them expected to pay less in taxes than they actually owed, or felt that they deserved larger refunds than they […]