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To embed, copy and paste the code into your website or blog: In response to the COVID-19 pandemic, various relief efforts have been enacted.  Several of these efforts impact tax-exempt and nonprofit organizations.  This update will discuss certain of these relief efforts.  This update will also discuss recent Internal Revenue Service (“IRS”) guidance pertaining to the 2021 tax year.  By way of background, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act and Consolidated Appropriations Act (“CAA”) were signed into law on March 27, 2020 and December 27, 2020, res...

Jan 26, 2021 The President has given effect to the 2020 tax proposals by signing three tax Acts into law. By Jean du Toit, head of tax technical at Tax Consulting SA On 15 January 2021, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 22 of 2020 (Rates Act), the Taxation Laws Amendment Act No. 23 of 2020 (TLAA) and the Tax Administration Laws Amendment Act No. 24 of 2020 (TALAA). These Acts were promulgated on 20 January 2021. The Rates Act gives effect to changes in tax rates and certain monetary thresholds, whereas the TLAA and the TALAA ...

2020 tax proposals signed into law – 10 key changes Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... Clear Search Sponsored by Sponsored by The President has given effect to the 2020 tax proposals by signing three tax Acts into law. On 15 January 2021, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws A...

Northlines Durgesh Tripathi After the DDC elections, there is hope that fresh polls for the Legislative Assembly would be conducted soon in a transparent and peaceful environment The Indian Parliament took a historic decision through the 73rd and 74th Constitutional Amendment Acts. These Acts gave the Panchayati Raj Institutions (PRIs) and Urban Local Bodies (ULBs) a constitutional status in India. According to the Annual Report (2019-20) of the Ministry of Panchayati Raj, there are more than 2.76 lakh panchayats in the country spearheading the cause of democracy. The number of ...

Agri-Agitation: The nation may not bear it beyond a point December 29, 2020, 9:16 PM IST From misconception to fear to dissents to protests to stubbornness – the agri agitation has come to a stage of unwanted, undesirable and avoidable stalemate though the stalemate is not visible and things appear to be moving. From apprehensions over continuance of system of Minimum Support Price (MSP) to concerns over electricity and power subsidies to revision of calculations of MSP to total withdrawal of the three agri-Acts – the agitators have frequently turned colors putting over ...