Tax Guru

FTC Eligibility Upheld: ITAT Confirms Form 67 Due Date Amendment

The core issue was the denial of Foreign Tax Credit (FTC) due to two contradictory CIT(A) orders, one of which cited the late filing of Form 67. The ITAT ruled that since Form 67 was filed before the ...
Governing

Florida Governor Rejects House’s Property Tax Reform Amendments

While House Republicans filed measures to eliminate non-school property taxes, DeSantis argues that placing multiple measures ...

GSTR-9 table 8A update: New invoice management system will form part of 8A from this year; Important things to watch out for

Taxpayers must prepare for significant changes in GSTR-9 annual returns for FY 2024-25. The new Invoice Management System ...
National Law Review

NYC Tax Tribunal Applies Step Transaction Doctrine to Limit “Mere Change” Exemption Under Real Property Transfer Tax

The application of the federal “step transaction” doctrine to New York City (“NYC”) real estate transactions can severely limit application of the long-standing “mere change in form” exemption under ...