Author RSSReal Estate Excise Tax or Transfer Tax Considerations
Your business activity must be included on a federal tax return. Which return and when it's due will depend on your choice of entity selection. If you are a sole proprietor or a single member LLC, put it on schedule C of your individual tax return (form 1...
Direct Taxes Code 2009 Proposed Income Tax Rates From 1 April 2011
After much awaiting CBDT released the discussion paper on the Direct Taxes Code 2009 in June 2010, draft of which was released in public in August 2009. The revised discussion paper has considered various issues on the original proposals and come out with...
2007 Federal Excise Tax Refund Warning
Sales Tax: Washington State imposes a sales tax on the retail sale of tangible goods and many services. This tax is reported on the same revenue return discussed above. Thus, it can be due monthly, quarterly or annually. The rate varies depending on your ...
History Of The Federal Income Tax
Retirement Benefits: As per the revised DTC, the retirement benefits such as gratuity, commuted pension, voluntary retirement compensation and leave encashment will be exempt from tax subject to specified limits. Original Draft DTC had proposed a scheme o...