Organize your documentsBy keeping your tax documents in one place throughout the year you will always be one step ahead of the game. As you get closer to next tax season, begin to review your financial documents and make sure you have everything you will need to do the actual filing. You could even make [...]

1. What is an IRS tax lien?A federal tax lien is the government’s claim on your property as security against an IRS tax debt. Before a lien can be filed, the IRS must notify you and send a notice of payment due. If a delinquent taxpayer refuses to pay the debt after 10 days, then [...]

 
A ROLLER-COASTER RIDE FOR SEZ
 
By CA Dinesh Kumar Agrawal, Ex-IRS
Khaitan & Co, Mumbai
 
The Special Economic Zones Act, 2005 was enacted on 23 June 2005 for the  establishment, development  and  management  of  the  Special Economic  Zones (“SEZ”) for promotion of exports  and  for  matters  connected  therewith  or incidental thereto. SEZs are designated duty free enclaves which are considered [...]

The physically disabled and mentally disabled persons have certain special needs. Recognizing this fact, the Indian income tax laws provide relief (under section 80U) to such persons and also to those who incur expenditure on the treatment and maintenance of these persons (under section 80DD).
The disabled individual taxpayer is eligible for a deduction of up [...]