Articles tagged: tax forms 

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Can the computer replace your chartered accountant? written by Maria Rain
Can the computer replace your chartered accountant? Yes, says a software firm, which is aiming its only product at the small-time taxpayer who can't afford the hassles of finding a person to help file tax returns.

Amount above Rs. 50,000 received from non-relatives is taxable 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

Obtain your Form 16 early 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

How to file income tax return (E-filing) 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

Forms to be used for filing return 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The forms Saral, Naya Saral, 2D, 2E are now outdated and can not be used to file returns.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.

Due date of filing income tax return 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

Who should file 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

Per Diem Rates and Business Taxes written by Richard Chapo
The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes.

Automatic Extension Requests For Businesses written by Richard Chapo
The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process. Now they’ve simplified business tax return extensions.

Which 1099 Tax Forms concern you written by Keith Hoyng

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