India

2007-01-26 21:12:23 · 2 answers · asked by nishant .v 1

HOW TO FILE A 1099-Q TAX FORM.
COVERDELL ESA

2007-01-25 14:09:14 · 1 answers · asked by pete 3

I am a NRI and bought a property in India by availing a home loan from India. I pay regular mortgage payments to this loan. I have rented this property now and I get rental income.

Given that I am a NRI, what are my options ?

1. Should I file a tax return in India for my rental income ? Can I deduct the mortgage interest in my tax return ?

2. Can I file the tax returns in USA instead ?

What are the benefits of both approaches ?

2007-01-25 06:34:07 · 1 answers · asked by sramanathan13 2

Lets say I have a fixed deposit worth 50,000 USD in USA which I bring back to India while I leave my NRI status and become a resident. This is money earned abroad while being a NRI, so does this needs to be taxed as well?

2007-01-24 18:39:05 · 8 answers · asked by Anonymous

2007-01-24 16:56:54 · 9 answers · asked by knv_mahesh 1

Recently, my mom returned to India and I gave her some $$$ so she could put it in a bank in India and get some interest for her expenses. Now she is having trouble at the banks because they are writing down the number on each and every bill. Is this a bad thing or a normal proceedure? They are also asking her the source of the income. She does not want to pay income tax on the amount. What is the best way to handle this situation?

2007-01-24 10:26:33 · 1 answers · asked by rishkabadi 1

I am thinking of buying a home in India by availing a mortgage in an Indian Bank. I live here in USA. Is my mortgage interest deductible when I file my taxes in USA. This is my second home. I already own my primary home in USA.

2007-01-24 05:07:03 · 3 answers · asked by sramanathan13 2

have to do a 200 marks project on income tax reforms for the years 2003-06.i need  experts opinions 

2007-01-23 21:55:41 · 3 answers · asked by nishant .v 1

i lost my pan card

2007-01-23 19:59:24 · 5 answers · asked by Anonymous

2007-01-23 06:05:48 · 2 answers · asked by rajiv h 1

2007-01-23 04:12:24 · 4 answers · asked by PATRICIA P 1

2007-01-22 19:46:20 · 7 answers · asked by Bhavik G 1

Dear Viewer,
As in advertising seen govt. is asking to pay all taxes honestly to so we get nourish facility from them but are we getting honest response from govt. we are stll paying all bills like electricity , water, house, road taxes,transport tickets, etc.etc. so why govt need more taxes from us. if their facility r in losses its their management failure. we used to give bribe or extra amount to all govt employer like police, health, muncipal etc.. for our work or for taking govt. facility as they claimed in favour of our taxes and still we r paying taxes. in department of juducial we used to buy stamp papers. if we get any thing free its a long procdure after expenditure of our precious time. so i think we r not getting any facility in favour of our taxes.
Regarding subsidy its used to be blackmarketing on goods or subsidy is giving to poor people(its another thing they didnt received)who r not payingtaxes THINK!

2007-01-22 17:19:02 · 6 answers · asked by vishal raipuria 1

I need all the tips i can get, on Filing for Taxes, and how to get the most back i can on income tax.

2007-01-22 11:39:55 · 2 answers · asked by Smurf 1

2007-01-20 04:36:36 · 1 answers · asked by ashish 2

application details:- 41541 or 20998630/6876

2007-01-20 01:45:51 · 6 answers · asked by Anonymous

2007-01-18 22:53:09 · 5 answers · asked by deepak m 1

Is PF interest rates are declared by indian government ? Someone told me to keep the PF withdrawl on hold till the PF rates are declared else, I have to claim the intereste again after withdrawal of PF amount.

2007-01-18 19:10:19 · 4 answers · asked by James Bond 1

Hello i am 25 working in an MNC in mumbai

my CTC is 279000/- and the break us is as follows

Basic 6000/-
HRA 3000/-
Medical Allowance 1250/-
Transport Allowance 800/-
Night Shift 742/-
Performance 2700/-
Attendance Allowance 2000/-
CC alowance 1000/-
Lta Monthly 2000/-

Provident Fund cut from my salary is 17280 including Employers contribution.

Professional Tax is 2400, Transport allowance is tax exempted.
I have Medical Bills of around 15000/- with me and can ask my parents to give me rent reciept for HRA .

I do not have any sort of investments and not travel bills for LTA

I am toally new and this is the first time i am paying tax if some one could help me by letting me know the amount of tax i will have to pay this year, i would be extremely Greatful..

Thanks in advance.

2007-01-18 16:51:49 · 5 answers · asked by AMIT ARORA 1

2007-01-18 00:42:12 · 5 answers · asked by manid 1

I would like to know if there is any provision in the income tax to claim exemption for buying only a plot of land. I don't intend to build a house immediately. I will be taking a loan only to buy the land for building a house .

2007-01-17 21:35:31 · 4 answers · asked by karthik 1

I got Rs.10 lakhs as retirement benefits and want to invest in a safe place and also expect maximum income from it

2007-01-17 15:33:08 · 8 answers · asked by gurdevsingh s 1

2007-01-17 11:56:04 · 7 answers · asked by italian chick 1

I am working with a private limited company since February 2006. Due to reasons alien to me the company has not deducted income tax from my salary so far. Through a chartered accountant i paid advance tax in the month of December after calculating the tax based on my salary income and investments. The logic behind the payment of advance tax was to avoid any interest accrued for the accumulated tax and to avoid heavy tax cut during Jan-Mar. But to my surprise and dismay, the company refuses to accept the advance tax citing that they cant accept tax paid outside of TDS.

In this context,
1) Is the company within their rights in not accepting my advance tax paid receipts?
2) Does a citizen need to pay advance tax (in accordance with the deadlines issued by the IT dept) in case of salary issuing company not deducting the tax at source?
3) Are there any specific guidelines for TDS by which the heavy tax cut during the last 2-3 months by the company is prevented?

2007-01-17 04:22:31 · 2 answers · asked by Ganesh 2

2007-01-17 00:29:56 · 10 answers · asked by suresh pillay 2

2007-01-16 22:47:59 · 4 answers · asked by xyz a 1

i have to pay tax.

2007-01-16 15:52:03 · 6 answers · asked by ajay_khushi13 1

In Invoice amount contains (Basic +Excise Duty+Insurance+ Freight), VAT Collected on (Basic +Exciseduty). How to account this transaction? Clarify

2007-01-15 20:29:41 · 1 answers · asked by learner b 1

The Govt has recently approved a fresh issue of Rural Electrification Bonds under section 54EC of Income Tax. However no details are forthcoming as regards when the forms will be issued, when they start accepting payments, rate of interest, lock-in period etc. I need information on all these counts

2007-01-15 04:12:31 · 3 answers · asked by jittery 1

it will be great if you can provide the calculations like for first 100000 nil then next 100000 this much in that way

2007-01-14 19:49:16 · 6 answers · asked by darkmatter7000 2