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Archive: 19 February 2017

Posts in 19 February 2017

Social Security Agreement signed between India-Japan

February 19, 2017 3636 Views 0 comment Print

Foreign assignments involving mobility of international workers has always been entangled in the complexities of two legislations. To ease out the hindrances and protect the interest of cross border workers of India and Japan, India has signed social security agreement (SSA) with Japan w.e.f. Oct 1, 2016.

Union Budget 2017-18: Is TCS On Jewellery Withdrawn or its scope is Enhanced-Controversy Created due to proposed amendment in Section 206C

February 19, 2017 15519 Views 2 comments Print

Finance Bill, 2017 has proposed the following amendments in section 206C regarding TCS on Jewellery: 1. Clause (ii) of sub section (1D) shall be omitted (this clause prescribes threshold limit for TCS on Jewellery); and 2. Clause (ab) of Explanation to Sec 206c shall be omitted (this clause defines meaning of the word jewellery); and

IRS Summarizes “Dirty Dozen” List of Tax Scams for 2017

February 19, 2017 2103 Views 0 comment Print

The Internal Revenue Service today announced the conclusion of its annual Dirty Dozen list of tax scams. The annual list highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season.

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