Articles tagged: Income tax Return
<< previous page 1 next page>> written by Simon Crerar As compared to earlier days, filing income tax return has now become quite easy task. With the advancement in technologies, people can file return with ease through online procedure. written by Simon Crerar It is possible for us to serve our nation by filing income tax return. The amount is used for the development of the nation and its residents. It can be filed easily by e-filing system, in which you have to file the tax on Internet or you can also use the traditional method also. written by David dison Income tax is a sort of tax that is paid by public to the country according to their income earned throughout the year. Paying income tax has come at your finger tips! written by Maria Rain Amount above Rs. 50,000 received from non-relatives is taxable
• If you receive more than Rs. 50,000 during the financial year without any consideration, then the entire sum is taxable, provided it has been received from any source(s) other than the ones mentioned below:
o On the occasion of marriage
o Under a will or by way of inheritance
o Gift from a relative
o In contemplation of death written by Michelle Barkley Tax return outsourcing is tool for solving all tax issues with thorough assistance in paying the exact returns one is entitled to. written by Maria Rain Form 16 is a certificate issued by the employer at the end of the year and provided to the employee. This certificate provides details of the salary income of the employee and the TDS deducted from the employee's income written by Maria Rain E-filing is essentially another mode of filing your income tax return, in addition to the popular mode of printing and submitting your return at the income tax counters. It is a two step process written by Maria Rain The forms Saral, Naya Saral, 2D, 2E are now outdated and can not be used to file returns.
* Salaried employees should use either ITR1 or ITR2 to file returns.
written by Maria Rain Due date is the date prescribed by the department as the last date of filing return. For Individuals who are not liable to be audited the due date prescribed for filing return is 31st July 2008 unless extended further by a seperate notification.
* The income tax department may any time extend the due date for filing Return of Income by issuing a public notification. In that case such an extended date shall be considered as Due date of filing income tax return written by Maria Rain Every individual has to furnish the return of his income tax if his/her total income before allowing written by Ashok Jindal If foreigner investment in India he/she should be takes online help of charted accounts for known India’s tax policy, company law and reserve bank policies this type foreigner investment will be secure and all confuse clear. written by Keith Hoyng
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