I have some 12lakhs. i wanted to invest it on a property next year. I am planning to deposit this amount in bank for 1 year.
I wanted to know about the tax deductions?
if i fill the TDS form will i be exempted from tax?
Which is a better way to invest i.e, investing the full amount in a single deposit or splitting the amount and depositing in different banks?
Please suggest some other investment plans where i can invest this amount other than FD for 1 year.
Could someone please let me have a list of major taxes to be paid as a franchisee of a preschool? Will the 30% corporate tax be applicable to me? What about service tax? Any other? Am I eligible for any tax benefits? Do quote your source if possible. Many thanks.
I have an house in another country and at moment I am renting it.
Do I need to pay tax on the rental income? Do I need to declare that I own an house in another country? At moment I already paying tax in that country.
Thanks for your answer.
Yes, I am in US and I live and work here. The house in another country and I pay already tax on the propriety and I already pay tax on the money that I earn for the renting.
Anyway, how can I found in US one rofessional tax preparer. I was thinking to use Turbotax software also.
My company is planning to set up a new hub to keep its inventory in New Delhi, my company already has some inventory hub in other state of India like Chennai, Uttar Pradesh. In order to set up a new hub, is there any tax that need to pay to India state government or fill in any form?
I am female my income becomes non-taxable after all the deductions, so basically I will filing nil return. Do I need to file return? I have heard that nil return can be filed anytime.Is it true? Also my in-laws paid some principal amount of loan which I have taken? Do I have show this in myreturn as they are joint holder of the property and given cheque from their bank account. Can I show income from other sources upto 1 lac in ITR1 or ITR2?
I am working in a startup company, My question is, Is it mandatory for a company to deduct tax on my income or can I submit my income tax returns myself?. My company says Only they should collect and pay tax on my behalf and there is no other way around , Is it true?
I am based in Mumbai and my society has given me yearly audited results which shows property tax payments by my registered co-operative housing society.
Why do we need file income tax? My income is < 5 lakhs but my income tax is nil because of my housing loan repayment as EMI. Do I need to file income tax for 2012-13?Thanks.
I have a full time job and have started trading stocks few months back. Already I have enough realized gains that will force me to pay additional tax. My question is do I need to pay estimated taxes quarterly based on the profits I have made so far or can I wait till the end of the year to pay my taxes.
Any one who has been in this situation, if you can share your experience, it will be greatly appreciated.
My property is registered on my name and my husbands name. But whole investment was done by myself. I have all the required proofs also. I am planning to for title declaration. Please let me know how much the court fee will be and let me know the details on how to proceed with this. The property is in Hydeabad.