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Month: August 2022

What is a section 267 loss?

What is a section 267 loss? a. First, IRC §267 contains an anti-abuse provision to prevent the recognition of loss by a taxpayer if, through a related party transaction, the taxpayer would recognize a loss without substantially modifying its position Read more…

Who created Navagraha?

Who created Navagraha? Legend has it that sage Kalava who suffered from leprosy was cured when he prayed to the Navagraha (nine planets). This made Brahma, the God of creation furious and he sent them down to earth in Vellurukku Read more…