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Articles, tagged with "income tax act", page 1

17th August 2011

Advantages of Income tax e filing as well as the strategies to pay taxes via on the internet

By ross in Taxes
It's obvious that all of the men and women in this world would not wish to pay tax for their income, but, if a person attains a certain revenue level, the concerned person should necessarily pay the tax for the income they earned throughout that year as p...

01st March 2011

eForm16, an Online Income Tax Filing Process.

At present we often hear about the words Form 16, Form 16A. What are Form 16, Form 16A and how these are useful to us? Mostly all the earning people are aware of Income Tax as per rule framed by the Government. Filing Income Tax returns is mandatory f...

21st February 2011

How Tax Codes Are Made Up

Are you confused about Sales Tax Items and Sales Tax Codes in QuickBooks? I was too! It took me forever to finally figure out what they actually did, how to get the sales tax liability report to look right, and where they showed up on that report. After r...

18th February 2011

Debt Advice May Be Needed For Tax Code Victims With Underpaid Tax

From the Items List, press Control-N. Select Sales Tax Item. Enter a name for the sales tax - something simple is fine, something that makes sense to you. Enter a more detailed description on the next line. Enter the tax rate, and choose the state reporti...

17th February 2011

How Do Tax Code Changes in September Affect You

First, select the Tax Item box. If this customer lives out of state or is otherwise non-taxable, select the Non Taxable sales tax item you established above. If the customer lives in-state or is otherwise taxable, select the Taxable sales tax item you est...

17th January 2011

9. Tax collected by the Government is used to facilitate the lives of the subjects.

The term income tax or wealth tax is not new and finds its origin in ancient times. Studies show even in primitive communities taxes were levied on income either in form of direct taxes like trading of merchandise, on land, poll tax or in form of indirect...

22nd February 2010

India Tax Saver Funds

With the financial year moving towards the end, all the tax payers get prepared to file their income tax returns. A few investments under India Tax saver funds are the investments which lower down the tax payable amount of the tax payers. In India there a...

18th February 2010

Save tax, make money

Everybody likes to make money. And what could be a better way than making it through savings. The Income Tax Act allows every individual to save his had-earned money while filing his income tax return under section 80. There are various ways to save you'r...

08th February 2010

Illinois SSA Fights New Sales Tax

The Illinois Self Storage Association this month continued its efforts to fight a new six percent service tax being considered by the Illinois legislature, by sending lobbyist Randy Witter to meet with State Senator James Meeks. Senator Meeks was the legi...

07th December 2009


The interest component of home loan repayment can be deducted from income while computing your tax liability, says Ashish Gupta Under the Income Tax Act, interest on a home loan is tax deductible provided the specified conditions are complied with. The...

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