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Home»Tag: Tax

Tag Archives : Tax

CRA leak about crackdown on B.C. real estate tax cheats heats debate
Real Estate

CRA leak about crackdown on B.C. real estate tax cheats heats debate

Saheli 25 Jul 2016 334 Views

A federal crackdown on tax cheats in Vancouver’s sizzling housing market — which is acting like a flame to speculators, real estate predators and foreign cash flow — has critics calling on B.C. to demand Ottawa do more to help combat the “out-of-control” real estate market. “It’s not clearcut to say that ... Read More »

Service tax on purchase of specific under construction flats: pay or not to pay?
Real Estate

Service tax on purchase of specific under construction flats: pay or not to pay?

Saheli 09 Jul 2016 308 Views

In the wake of rising cost burden of home buyers, comes a ray of hope in the form of a recent decision of the Delhi High Court in the case of Suresh Kumar Bansal Vs Union of India & Others 2016-VIL-284-DEL-ST. The High Court held that in a scenario where ... Read More »

U.S. Treasury readies new tax rules as G20 vows to fight evasion

Saheli 17 Apr 2016 325 Views

The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. Treasury Secretary Jack Lew said on Saturday amid increased pledges by global finance leaders to cooperate on tax issues. In a statement to the International Monetary Fund’s steering committee, ... Read More »

Alcohol sales dropped after Maryland raised liquor tax
Health

Alcohol sales dropped after Maryland raised liquor tax

Saheli 14 Apr 2016 308 Views

WEDNESDAY, April 13, 2016 — Alcohol sales fell in Maryland following an increase in the sales tax, according to a finding that suggests the tactic could work in other U.S. states. The alcohol tax rose from 6 percent to 9 percent in 2011, and liquor sales subsequently fell 5 percent, ... Read More »

France to put Panama back on list of tax havens: French finance minister

Saheli 07 Apr 2016 366 Views

PARIS: France will put Panama back on its list of countries that do not cooperate in efforts to track down tax dodgers, finance minister Michel Sapin said in the wake of the Panama Papers revelations. “France has decided to put Panama back on the list of uncooperative countries, with all ... Read More »

IT dept launches tax calculator; e-filing begins this week
News

IT dept launches tax calculator; e-filing begins this week

Saheli 03 Apr 2016 276 Views

With the new Income Tax Return (ITR) forms notified recently for assessment year 2016-17, filers can do an easy check and obtain their annual tax liability on a computer-based calculator hosted by the IT department. The ‘tax calculator’ is an online computer-based programme hosted on the official website of the ... Read More »

Move Over, Homeowners—Renters Could Get Tax Breaks, Too
Real Estate

Move Over, Homeowners—Renters Could Get Tax Breaks, Too

Saheli 03 Apr 2016 355 Views

It’s been said many times: The rent is too damn high. And now a recently introduced bill is trying to cut renters a break—a tax break, that is. The bill, if it became law, would allow renters to deduct from their federal taxes what they pay for the primary roof ... Read More »

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