Taxes… Say that word and many people will start to groan when they hear it …and with good reason. To begin with, paying annual taxes is usually a financial burden for most people. Each time you review your paycheck, you might feel cheated or abused, considering the federal income tax withholding amounts (let’s not even … Read more
When healthcare reform legislation finally passed, several major corporations quickly moved to modify their earnings report. The claim from AT&T, Caterpillar, and others was that a provision in the law would increase their costs and hurt their profits. Specifically, their concerns involves the expiration of an existing tax break. That tax break has allowed companies … Read more
Top Ten 2008 Income Tax Law Changes By David Roberts Every year for whatever reason whether it be political or an exchange of favors for lobbyists, our Congress adds additional changes to our already complicated tax law. Sometimes these changes are beneficial, sometimes they are not, but this article will briefly examine … Read more
There are two types of retirement annuity rates, some of the things that you should know about these rates are: the variable annuity rate plans yeilds higher potential gains, short period paying annuieties provides higher gains, different factors affect the returns for different rates, there are also alternatives available in case you feel the contract … Read more
When it comes to the departmental adjudication then it is the duty of the assessee as well as the adjudicating authority to interpret the law in its true essence and any effort to transgress the boundary of interpretation is strictly prohibited. In this background let us examine Rule 4 of the CENVAT Credit Rules, 2002 … Read more