Articles, tagged with "income tax act 1961", page 1
India Tax Returns
India tax returns are used by all individuals who come under the taxable slab as prescribed by the Government of India. Nevertheless, tax returns in India are also applicable to property owners, telephone subscribers, car owners, and credit card holders. ...
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...
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...
Income Tax in India
In India all individuals who all are earning money have to pay tax on the basis of revenue he/she is getting. There are different criteria for men, women and senior citizens for paying levy decided on every FY in budget.
Income tax in India is a major ...
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...
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...
The Tax Honesty Movement
Finance Minister released the draft of Direct Tax Code (DTC) for public discussions in August 2009. CBDT (Central Board of Direct Taxes) released the Revised DTC discussion paper in June 2010 for inviting further comments on the modified proposals in DTC....
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...
Freelancing & Tax Laws in India
Freelancing in India is highly untapped market. With the advent of affordable broadband services, working from home is close to becoming a reality. Sites like oDesk, Get A Freelancer, Scriptlance & scores of other sites offer more than enough opportunitie...
Registration and Formation of NGOs in Various States of India
NGO is the world famous non profit organization that exists separately of the state and carrying its business activities to produce benefits for others, who are usually outside the membership of the organization. NGO is famous for its feature of non-profi...
Health Insurance: Your Key to a Safer and Happier Life
Health insurance has emerged as one of the most important forms of financial security in recent times. However, a number of people do not give it the importance it deserves. In most cases, people think about health insurance only when they or someone clos...
EPCH makes its pre-Budget recommendations
In its pre-Budget recommendations, the Export Promotion Council for Handicrafts (EPCH) demanded a series of measures including service tax exemption for exporters, export promotion councils and other export bodies with a view to stimulate the handicrafts ...
HOME LOANS | Advantages of Joint Ownership
There are many advantages of taking a home loan in joint name. There are tax benefits, joint benefits etc.
Tax benefit:
If the owned property is being used for living, the annual value of the said property is deemed to be nil. Moreover, you could clai...
GOT A SECOND HOME? KNOW YOUR TAX GAINS TOO
Shelter is one of the basic human needs and buying a house is generally every household's dream. These days, keeping in view the rise in income levels, households also look at the option of investing in more than one house property. People buy a second ...
AVAIL TAX BENEFITS WITH JOINT OWNERSHIP
Tax benefits on home loans have turned out to be an important aspect of home buying. Here's how you can benefit from the same
TAX BREAKS
For self-occupied house property, the annual value of the house property is considered to be nil. Furthe...