India

The annual salary i am paid is more than the exemptuon limit on tax. Is tds applicable in this case? Is it compulsory or can we do without it? How can we save more on tax?

2007-02-28 20:31:26 · 3 answers · asked by amit s 1

2007-02-28 19:01:55 · 9 answers · asked by Anonymous

1. Every citizen should be provided with a permanant account number
2. Cash transactions should be discouraged by printing money upto the denomination of Rs.100.00 only
3. All transactions above Rs.1000/- to be made through banks with dr/cr card, funds transfer, chq/dd or online payments.
4. All taxes (it,st,cess,ed,service tax etc.,) should be dropped. Only transaction tax of 1% on each bank transaction let it be debit or credit to be levied and automatically transferred to Govt.'s treasury a/c. (I think this will be sufficient to replace all the taxes)
5. Banks should maintain one a/c and give uniform interest.
6. If all taxes are dropped, somuch of paper work and filing of returns, maintainance,inspecting and scrutinising will vanish & the people used for this purpose can be utilised to do for more productivily
7. If cash transactions are discouraged, then corruption,black money etc. will fall to nil.
8. budget only for proper exps and no worry abt income

2007-02-28 18:51:54 · 2 answers · asked by toknowmore 4

Like in India women are exempted from paying tax upto 1.45 lakh rupees.But it is only 1.1 lakh Rs. for men.

2007-02-28 17:01:54 · 7 answers · asked by panku 1

2007-02-28 17:00:44 · 10 answers · asked by Anonymous

Last year the limit of yearly income was four lakhs.

2007-02-28 16:08:59 · 4 answers · asked by AMRIK P 2

2007-02-28 16:00:32 · 4 answers · asked by panku 1

2007-02-28 06:21:18 · 1 answers · asked by pinky 1

2007-02-27 23:56:40 · 5 answers · asked by rajani 1

2007-02-27 22:40:40 · 9 answers · asked by axyax 1

2007-02-27 22:19:13 · 1 answers · asked by MILIND CHANDAKKAR 1

what infor do i need 2 get this refund

2007-02-27 12:23:46 · 3 answers · asked by Jeannette M 1

also about tax refunds.it will be useful 4 me if anyone explain the very basics about it

2007-02-27 01:50:58 · 8 answers · asked by Anonymous

2007-02-26 22:02:39 · 4 answers · asked by om_chessking 2

2007-02-26 02:22:08 · 9 answers · asked by om_chessking 2

2007-02-26 01:03:39 · 3 answers · asked by naveen s 1

Gambling is illegal in India. but what if an indian national goes to Las Vegas as a tourist, wins $100,000 (1 lakh) which is approx rs 45 lakh (Rs 4,50,0000). Can this money now be transferred into his Indian account. How and where will this income be declared and what will be the taxation around it?

or

Is it even illegal for an indian to gamble in a country where gambling is legal?

2007-02-25 23:58:48 · 5 answers · asked by harrycool 1

I'm now employed with a private company and earning Rs 30000/ per month. what tax exemptions I 'm allowed on this income. is exemption of rs one lac permissible .

2007-02-23 23:07:12 · 6 answers · asked by Anonymous

2007-02-23 21:46:09 · 6 answers · asked by vikas 1

Where can refer the latest rulings and notifications about sservice tax matters?

2007-02-23 20:51:04 · 7 answers · asked by msl 1

The objective is to outline all tricks people employ in India so that Government can unearth black money.

One trick:
I have noticed vegetable vendors and furniture shops whose capital investment is billions of rupees.

Even though their sales are "nil" they need not pay income tax on the "billions of capital investment" and black money is converted into white money.

The only expense for them is "rent" they need to pay for their shops.

2007-02-23 18:54:17 · 8 answers · asked by Anonymous

2007-02-23 13:32:13 · 2 answers · asked by kamlesh r 1

Will the funds coming in be taxable, the interest earned from it be taxable or both ?

2007-02-23 06:03:48 · 1 answers · asked by Anonymous

First right answer receives my vote !

2007-02-23 06:00:30 · 5 answers · asked by Anonymous

2007-02-23 05:59:11 · 1 answers · asked by Anonymous

2007-02-23 04:04:31 · 6 answers · asked by Trevor M 1

2007-02-22 20:38:11 · 7 answers · asked by sudip b 1

if u make any courier, they will charge such as Rs.30, 40 or 80
is the service tax will be included in the amount or not

2007-02-22 20:28:28 · 8 answers · asked by Nagendra K 2

some many online shopping websites are there in the internet.
when we order any items online they will charge the shipping/courier extra such as Rs.30, 50 etc., and on that also they are charging service tax. But i think already service tax will be included in that courier amount 30 or 50 etc., then why they are charging extra. Is that amount was paying to the government or not

2007-02-22 15:46:20 · 6 answers · asked by Nagendra K 2

2007-02-22 01:56:58 · 5 answers · asked by AMANDA M 1