Results 1 - 15 of about 2386 sawaal for "income tax extensions"
frnd income tax is d payment u have 2 give 2 d government for income u earn by urself ................................... ....................... jocks apart dear frnd it is d tax charged on ur income if it is more than 1.2 laks PA...income tax government ki taraf se lagaya jane wala tax hai jo aapki earning par lagaya jata hai jo sarkar apni revenue me show karti hai...income tax is certain amt
Posted in
Delhi by harish at 4:17 PM on March 07, 2008
meet it well before the October 15 tax extension deadline.The IRS doesnt care why you want an extension. As long as you accurately complete IRS Form 4868 for personal income taxes and/or Form 7004 should file for a tax extension this year.Who doesnt want more time to file their taxes? Theres no need to rush around wrangling IRS forms during March and April. Instead, take time to make sure that your
Posted in
Personal Finance & Tax by jeevan kumar at 4:26 PM on December 25, 2008
If I understand what you are asking, your question is in regards to C corporations or LLCs which have elected to be taxed as C corporations, and which use the accrual method of accounting.The income tax expense for the period would be listed as an expense on the income statement. The amount of unpaid income tax would be listed as a liability on the balance sheet as income tax payable or some
Posted in
Personal Finance & Tax by shivaram at 3:24 PM on October 24, 2008
. There is no Income-tax in India on a foreign income merely because it is remitted to India during that year.2. Remuneration for work done in India is taxable irrespective of the place of receipt. Remuneration includes of India and subtracting the various deductions admissible. The resultant income is the total or taxable income.5. Where a particular income is totally exempt from Income-tax, it does not from part of total
Posted in
Personal Finance & Tax by kapil sharma at 12:17 AM on October 12, 2008
to this link or website of income tax http://www.incometaxindia.gov.in/ .INCOME TAX ACT, 1961 AS AMENDED BY FINANCE ACT,Content wise Chapter No. Chapter Heading Chapter I PRELIMINARY Chapter II BASIS OF CHARGE OF TOTAL INCOME ON WHICH NO INCOME-TAX IS PAYABLE Chapter VIII REBATES AND RELIEFS Chapter IX DOUBLE TAXATION RELIEF Chapter X SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX Chapter XI ADDITIONAL INCOME-TAX
Posted in
Personal Finance & Tax by seeta rani at 5:00 PM on October 08, 2008
you bother with a tax extension if you still have to pay on time? Which is to say, March 15 for business taxes and April 15 for personal income taxes.Because you still might save money. Tax extensions. This interest is usually 5 of your outstanding balance per month. If your taxes are paid more than 60 days late, youll pay a minimum of 100 in interest.Example: Lets say you file a personal income tax extension
Posted in
Personal Finance & Tax by jeevan kumar at 4:10 PM on December 25, 2008
on the poor since the poor are likely to spend more of their income than the relatively rich person. There is merit in this argument, particularly if it attempts to replace direct or indirect taxes with steep, progressive rates. However, observation from around the world and even Guyana has shown that steep tax rates lead to evasion, and in the case of income tax act as a disincentive to effort.Further, there is now
Posted in
Personal Finance & Tax by rajan katiya at 10:08 PM on December 20, 2008
Tax payers whose total income is likely to be chargeable to tax for the assessment year are required to pay tax in advance during the financial year April 1 to March 31 on their estimated current income, which will be assessable to tax during the next following financial year called assessment year. The current income for this purpose means the total income which will be chargeable to tax
Posted in
Personal Finance & Tax by seeta rani at 8:03 PM on September 18, 2008
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 identification other than passport and driving license....becuse i m just now login....PAN=Permanent Account Number, mandatory for all indians having taxable income to file their tax returns. in order to file
Posted in
Law by Rajesh at 4:12 PM on March 28, 2008
If you fail to file your federal income tax return and pay your tax by the due date, you may have to pay one or more penalties, plus interest. Although you are allowed an automatic extension for filing your return if you mail in the appropriate form, you are not allowed an extension for paying your taxes. Interest is charged on any unpaid tax from the due date of your tax return until the date
Posted in
Personal Finance & Tax by akbar khan at 12:28 AM on October 09, 2008
is nothing but it is a charge made by goverenment on the goods, on travelling,medicien, that is a sort of income to the governemnt and these money is used for developing purpose. An income tax is a tax levied on the financial income of persons, corporations, or other legal entities.Look beyond section 80C cut your tax burden further. Remember, you will have to spend under a specific head to claim these sweet little tax
Posted in
Personal Finance & Tax by seeta rani at 3:37 AM on May 20, 2008
your deductible expenses into 2008 if you can. For example, if you make state estimated state income tax payments, you can make them on December 31 so you get the deduction on your federal return in 2008. You can also charge these expenses on your credit cards in 2008, receive the deduction in 2008, even though you wont be paying for them until 2009.2. Defer income into the 2009 so you dont pay taxes
Posted in
Personal Finance & Tax by jeevan kumar at 4:21 PM on December 25, 2008
BY USING NUMBERS AND A GOOD WORKING MIND...The amount of income-tax calculated on the amount of total income as reduced by the amount of profits and gains as earnings....There are five main steps in calculating income tax:-Step 1: Add together all your yearly income, including social security benefits, income from renting out accommodation, wages, occupational pension, interest from bank and building
Posted in
Personal Finance & Tax by Sabari at 9:22 PM on January 04, 2008
Step 1 arrive your gross salary Step2 less least of the following i actual rent paid ii10 of payda iii i -ii ivactual hra received Step3less professional tax paid Step4arrive your gross total income Step 5less deductions under section80c that is less the investment you made during the year max 1lac rupees Step6arrive your taxable income upto 1.10 lacs no tax from 1.11 to 1.5 10 UPTO 2.5 20
Posted in
Personal Finance & Tax by nitin at 8:54 PM on February 25, 2008
The list of free tax software with small description are given below-iTaxiTax is a free/open source multi-platform implementation and extension of the Australian Tax OfficesATO e-tax software. phase financial applications. This library simplifies money management, rounding, currency conversion, tax calculation tax-on-tax, multiple tax and invoice management. Highly configurable.Income Tax Calculator
Posted in
Personal Finance & Tax by shyam singh at 5:41 PM on September 07, 2008
