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How many types of taxes are there and what are they?  

Asked in Personal Finance & Tax at 12:28 AM on November 22, 2008

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Vikram Kumar
Vikram Kumar

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waht is income tax

, college, ..... so on.it is a collected by common person, whose salary is greater than 2 lakhnot sure...a type of tax........income tax the mony...Income tax is the tax that we have to give to the government, the lower limit is 150000,...jo sab dene se bachte hai...if your annualy income is about 1.10 lakhs so you have to pay tax to govt. now after the budget on feb-2008, it had increase to 1.5 lakhs...A type of tax

Posted in Delhi by harish at 4:17 PM on March 07, 2008
Tags waht, income

How many type of taxes?

there are many types of tax, this link will help you better http://www.zibika.com/a/taxcor nerwww.zibika.com...Tax can be categorized into various types and they include the following: Corporation added tax VAT...Well Shayam! Basically, there are two broad types of taxes in our country viz., Direct taxes and Indirect taxes with various sub categories under both of them.ALos there are lots of taxes

Posted in Personal Finance & Tax by shyam singh at 1:07 AM on September 26, 2008
Tags type, taxes

Property Tax comes under which catagory either direct tax or indirect tax?

Property tax, or millage tax, is an ad valorem tax that an owner pays on the value of the property being taxed.There are three species or types of property: Land, Improvements to Land immovable manmade objects; i.e., buildings, and Personal movable manmade objects. Real estate, real property or realty are all terms for the combination of land and improvements. The taxing authority requires and

Posted in Law by Anonymous at 6:23 PM on December 05, 2008

How do capital gains from sale of stock differ from that of any other asset?

you pay on this profit is called capital gains tax. If you make a loss you sell at a lower price than you bought it, you incur a capital loss.Types of capital gainsA capital gain is classified as short of tax.Period of Holding:In case of shares or securities, the period of holding before sale is more than one year for such asset to be termed as Long Term Capital Asset, if the holding is one year or less

Posted in Personal Finance & Tax by keshav at 1:32 AM on October 09, 2008

what is Wealth Tax?

Well, Because of the broad term "wealth", property tax, capital transfer taxes inheritance tax, estate tax, gift tax, endowment tax and capital gains taxes are sometimes referred to as "wealth taxes".Wealth tax is a direct tax, which is charged on the net wealth of the assessee. It is a tax on the benefits derived from ownership of property. The tax is to be paid year after

Posted in Personal Finance & Tax by akash singh at 9:10 PM on October 07, 2008
Tags wealth, tax

What are the rates of Capital Gains tax?

it sounds like, they are not talking about investment strategies, but rather a potentially important part of the United States tax code. All this matters because the IRS taxes short-term and long-term gains,000 of the loss in a tax year and must carry the remainder forward. Carried-over losses are used to reduce capital gains in a future year, and can be carried over until all used up. If you die with carried

Posted in Personal Finance & Tax by keshav at 1:21 AM on October 09, 2008

what is process of efilling?

Year, Major Head Code, Minor Head Code, Type of Payment. In case of challan no. 280 and 282 the Permanent Account Number PAN needs to be entered. In case of challan no. 281 Tax deduction Account NumberThe e-filling process are given below-1 Select appropriate type of Return Form2 Download Return Preparation Software for selected Return Form.3 Fill your return offline and generate a XML file.4

Posted in Personal Finance & Tax by seeta rani at 5:03 PM on October 08, 2008

What are the Forms of taxation?

aid was a type of tax or due paid by a vassal to his lord. Danegeld - medieval land tax originally raised to pay off raiding Danes and later used to fund military expenditures. Carucage - tax whichA tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state for example, secessionist movements or revolutionary movements

Posted in Personal Finance & Tax by ram nath at 4:22 PM on December 05, 2008

Why fringe benefit tax?

that are taxed, while Section 115WBii defines the various types of expenditure incurred by the employer in the course of his business of profession, which will be considered as deemed fringe benefits.These benefits are either taxed in the hands of the employees themselves or the value of such benefits is subject to a fringe benefit tax in the hands of the employer.The rationale for levying a fringe benefit tax

Posted in Personal Finance & Tax by bhupender at 12:12 AM on September 27, 2008

What is Purposes and effects of tax?

governments also use taxes to fund welfare and p...ublic services. These services can include education systems, health care systems, pensions for the elderly, unemployment benefits, and public transportation. Energy, water and waste management systems are also common public utilities. Colonial and modernizing states have also used cash taxes to draw or force reluctant subsistence producers into cash economies

Posted in Personal Finance & Tax by ram nath at 4:26 PM on December 05, 2008

What standard types does C use?

in which rounding errors caused by floating point representations are unacceptable. Common examples include financial calculations such as tax computations and currency conversions. The decimal type providesC has a unified type system. This unified type system is called Common Type System CTS.A unified type system implies that all types, including primitives such as integers, are subclasses

Posted in Computers & Technology by Radhe Radhe at 8:28 PM on May 30, 2008

what is PAN registration, should it is necessary for everyone.

for your white mony if you file your return.& most required document in some cases like in bank a/c ,or any type of loan...pan ispermanent account number of income tax if your income is more than 110000in return of income. This no. is not necessary for everyone but whose income is taxable they should got thier PAN compulsorly....PAN is permanent account number which is necessary for furnishing income tax

Posted in Law by Rajesh at 4:12 PM on March 28, 2008
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TDS

any specified type of income arises or accrues to any one, the Income-tax Act enjoins on the payer of such income to deduct a stipulated percentage of such income by way of Income-tax and pay only are being paid for provision made by us in the form of products or services....You are asking by simply typing one word. TDS means Tax Deduction at Source. If you are working in any office, your employer

Posted in Personal Finance & Tax by pavani at 7:54 PM on September 18, 2008
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What is Capital Gain?

of the capital asset. So, lets understand this classification based on the type of the capital asset. The capital gain is chargeable to income tax if the following conditions aresatisfied:1. There is a capitalAs per Indian Income Tax laws, a capital gain tax is a voluntary tax payable on the sale of assets, investments, capital accumulation, and productivity. A Capital Gain can be defined as an any income

Posted in Personal Finance & Tax by keshav at 4:33 PM on October 14, 2008
Tags capital, gain

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