Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. David is ...

A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...

The Supreme Court last month curtailed the powers of officers making arrests under the Customs Act, 1962, and the Central Goods and Services Tax Act, 2017 ... However, it did consider data on the ...

Tax Partner at EY India. The GST Council, headed by Sitharaman and comprising her State counterparts, in September 2021, set up a group of ministers (GoM) to rationalise GST rates and suggest ...

Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale". She said that the revenue ...

GST registration: New advisory by Goods and Services Tax Network (GSTN) dated March 3, 2025 says additional facility allowing certain Promoters/Directors to complete their Biometric Authentication at ...

Search and Seizure in GST and Income Tax: Key Difference and How to Handle Them Successfully!! In the realm of Indian taxation, “Search and Seizure”—popularly known as “raids”—are powerful enforcement ...

Summary: In its 55th meeting, the GST Council approved a tax rate increase on old and used vehicles from 12% to a uniform 18%, effective January 16, 2025. This includes two-wheelers, three-wheelers, ...

SINGAPORE: Singaporeans' concerns over the rising cost of living go "far beyond" the Goods and Services Tax (GST), said Prime Minister Lawrence Wong on Monday (Mar 3) as he reiterated the reasons ...

If a new tax scheme affected cruises departing from U.S. waters, the major cruise lines such as Carnival, Royal Caribbean Cruises and Norwegian Cruise Line could shift more departures to ...

Millions with tax queries for HMRC face an average wait time on the phone of 18 minutes, with more than 2 million calls abandoned or cut off altogether in the last six months of 2024 due to a lack ...

This is, for a tax year, your capital loss for the year multiplied by the inclusion rate for that year. This refers to a relationship or transaction between unrelated persons who act in their own ...