Income Tax Filing Online In India
Question: How to file tax returns in india online?
I live in Chicago USA and have an ICICI NRO account. ICICI pays good interest on this account. The only problem is that they deduct tax on whatever interest they pay.
Since I live in US and settled here, I have no income in India except this few thousand Rupees of interest. So, if I file tax returns, I will not be liable to any taxes. Does that mean that I will get back all this tax deducted at source (TDS) if I file tax returns?
How hard is it to file taxes? Can it be done online? I have a PAN number. I never used it though. I have not worked in India ever and so never paid taxes there. So, pardon my ignorance. Can this all be done online? If yes, then what is the effort and cost involved.
Thanks so much
My question was where to file? what is the site?Answer: A non resident is liable to tax in respect of income received or deemed to be received in India by or on his behalf and income that accrues or arises or is deemed to accrue or arise in India during the previous year.
for the year 2006-07, no income tax is payable if it does not exceeds 1.00 lac.
now you can file return on line. you need digital signature to file return. you dont need to spend any money except digital signature. around US 100.
Preparing India Income Tax Return – Part 2
No Income Verification Car Loans
Question: No income verification car loan with large % downpayment possible?
I want to purchase a 40,000 dollar car, however my employment is self-employed and it is hard to “verify” my income or show tax returns or paystubs or anything. I was wondering if I could put down a large % downpayment on the car and get the rest financed without income verification? A few places I went to said with 50% down they would do this, is this common? Can i do less down like 30-40%?
What kind of APR can i expect on the remaining financing, I have good credit but again its hard to show my “gross monthly income” on paper. Thanks
Answer: Consider this, a down payment exceeding 10k will be reported to the IRS
Being self employed with unverifiable income means that you are not completely reporting your income to the aforementioned federal agency and could wind you up on the wrong side of an auditors desk.
YOUR PLACE TO CALL HOME: I need a mortgage loan – now what?
Let’s face it; life is tough sometimes, especially in these challenging times.
Jobless People Can Obtain Easy Funds With Loans While Unemployed
Tax Refund Returns
Question: How long does it really take to get an amended Tax Refund?
I filed my taxes about a month ago and already got my refund back. Hoewever, I didn’t claim my tuition and had to do an amended tax return. I couldn’t e-file the amended tax return so I had to mail it in. I did this about a week ago. I checked the IRS website and they said it could take anywhere 8-12 weeks to process amended returns. My question is, does it really take that long? Has anyone on here had to do that? How long did it take to get your refund?
Answer: I filed an amended return for 2008. I mailed it in on 12-28-09 and was quite surpised when I got my check for the amended return 6 weeks to the day. I had called the IRS to check on it at about 4 weeks and they had no record of it yet so I didn’t expect to receive it for a long time since they are into the current tax season. The man I spoke with said at least 12-16 weeks so there is hope!
IRS Plans to Stop Underwriting Tax-Refund Loans for Banks Over High Rates
The U.S. Internal Revenue Service said it will stop electronically underwriting Tax Refund Loans made by banks including HSBC Holdings Plc and Republic Bancorp Inc. that lawmakers and consumer groups say carry unfairly high interest rates.
IRS TAX TIPS: TOP RETURN MISTAKES (ASL, CAPTIONS & AUDIO)
Filing Tax Returns
Question: Anyone filing tax returns with a disabled child?
If so, how do you claim your child as disabled?
Wow, Tired of Lies you need to get your head out of your butt! You obviously have no idea the expenses incurred in caring for a disabled child so until you do, keep your nose out these types of questions.Answer: i dont even have kids
Man did bad tax returns for immigrants
A Cincinnati man born in Africa was convicted today of preparing false income tax returns for immigrants from west African nations.
Tax Help : Who Must File a Tax Return?
Taxable Income Cra
Question: How is a returning Canadian taxed for the first year on resuming residence in Canada?
After being a Canadian tax-resident for 5 years, I worked in Asia, including last 10 years in Hongkong. Paid local taxes, and was non-resident of Canada for tax throughout – no issue with CRA on that. This year I’m going back to Canada to resume residence there for good.
What will be my Taxable Income in the year of landing?
a) worldwide income earned from the date I land in Canada onwards,
b)worldwide income for the whole year, even what I earned before landing in Canada, or
c) would the 183 day rule play any role in this – if I return earlier so I spend more than 183 days in Canada then it’s (a), and if I return later in the year so I spend less than 183 days then it’s (b). Is that how it would work for a returning Canadian?
I thought it would be (a), just like for a new immigrant. What’s the right answer?
Also, will the tax RATE be based simply on taxable income (even if it’s earned only for part of the year, so lower tax rate) or whole year’s income (higher tax rate)?Answer: your the thinking on (a) is correct, and the tax rate is based on the taxable income for part of the year after the landing.
(b) isnt applicable becasue u were a part yr resident of cda.
(c) isnt applicable that only applies to sojourner who comes and leaves cda during the year for 183 days or more.
Shifting income? You still might pay the tax
Confusing section of tax code can cause real problems in certain situations
CANADIAN TAX ADVANTAGE